Energy

Inside the UK’s Energy Price Crisis

Energy prices for consumers across the UK rose again this month.   Ofgem, the energy regulator, set the maximum annual rate for an average household for gas and electricity at £1,755 until the end of the year.  The cap is now over £600 higher than when it was first introduced in 2019.  Under the cap, the average price of gas is significantly cheaper than electricity at 6.3p per kilowatt hour (p/kWh) compared to 25.7p/kWh. New data on Tuesday also showed that the industrial electricity price paid for UK industry was…

via Oilprice.com https://ift.tt/P4nzcSs

Categories: Energy