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Tuesday, November 29, 2022
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Britain: At more than 4,000 pounds a year the new ceiling on charges for energy consumption

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According to Ofgem, with the new increase the ceiling is 67 pence (77.7 euro cents) per kilowatt hour for electricity and 17 pence (19.7 euro cents) for natural gas.

By Thanasis Gavou

The maximum charge per kilowatt hour that energy companies can impose on the bills of British households from next January has been announced by the competent regulatory authority in the United Kingdom.

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According to Ofgem, with the new increase the ceiling is 67 pence (77.7 euro cents) per kilowatt hour for electricity and 17 pence (19.7 euro cents) for natural gas.

This means that the annual bill for a typical energy consumption by an average household will rise to £4,279 (€4,960).

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However, British households are protected by the “energy price guarantee” announced by the government. The guarantee is valid from 1 October and keeps the typical annual energy bill at £2,500 (€2,898). This charge will increase from April to 3,000 pounds (3,475 euros) per average household.

Despite the fact that households will not bear the full increase in the charges on their bills, the cost of the energy price guarantee scheme to the UK government could now exceed £38bn over 18 months, according to the Institute for Fiscal Studies .

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Nina
Nina
I have worked as a journalist for over 8 years. I have written for many different news outlets, including the New York Times, Wall Street Journal and CNN. I have also published my own book on the history of the world. I am currently a freelance writer and editor, and I am always looking for new opportunities to write and edit interesting content.

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