London, Thanasis Gavos
The most frequent update of the billing ceiling for energy consumption from households is examined by the competent regulatory authority in Britain.
According to Ofgem, it is considering reconsidering the billing limit every three months instead of every six which is valid now.
According to Jonathan Brirley, CEO of the UK energy market regulator fast to consumers “.
He added that the change would help energy providers in Britain “better predict how much energy they need to buy for their customers“reducing the risk of further providers going bankrupt, which ultimately pushes up costs for consumers.”
However, critics of this move say that under the current circumstances a more frequent adjustment of the billing limit would hit consumers with more frequent increases.
Rising global gas prices have bankrupted some 30 energy companies in the UK over the past nine months.
These conditions led to Ofgem’s decision to increase the energy billing ceiling from 1 April. The result was a 54% increase in energy bill bills by an average of 1. 1,971 a year, creating even more suffocating conditions for millions of British households facing the generally rising cost of living.
The energy price ceiling in Britain affects around 23 million households under the variable billing plans of energy companies.
The next scheduled adjustment of the billing ceiling will take place in October, with analysts anticipating another major increase as a result of continuing pressure on the energy market due to the war in Ukraine.
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