Tag: regulator

UK nearly doubles energy price cap in cost-of-living crisis

by Roland JACKSON / Véronique DUPONT Agence France-Presse LONDON, United Kingdom (AFP) — Britain announced Friday a vast 80-percent hike in electricity and gas bills, in a dramatic worsening of the cost-of-living crisis before winter as the UK awaits a new leader. Regulator Ofgem said its energy price cap, which sets prices for consumers who are not on a fixed deal with their supplier, will in October increase to an average £3,549 ($4,197) per year […]