UK households face 54% jump in energy bills from April

Britain scrambles $12 billion to help households with 54% energy price hike | Reuters

It seems the UK might be one of the first major nations to tap out over the massive hike in energy costs all over the world. We should be looking for ways to make current energy options more affordable not less.

We are not doing the planet any favors by forcing people to take matters into their own hands.

Natural gas burns cleaner than coal – coal burns cleaner than charcoal – charcoal burns cleaner than wood.

IF WE DO NOT PROVIDE AFFORDABLE NATURAL GAS THEN PEOPLE WILL FIND A WAY TO STAY WARM!

Jonathan Brearley, chief executive of Ofgem, said the energy market had seen an unprecedented increase in global gas prices, a once in a 30-year event.

“Ofgem’s role as energy regulator is to ensure that, under the price cap, energy companies can only charge a fair price based on the true cost of supplying electricity and gas,” he said in a statement.

Ofgem also said on Thursday it would look at changing how often it can update the price cap, to ensure it reflects the true cost of the market.

Unite, the country’s biggest union, said the new price cap would turn the cost-of-living crisis into a catastrophe for millions of people. “This will plunge at least one in four families in Britain into fuel poverty,” it said.

Those households who use prepay metres, often among the poorest, will see the cap rise to 2,017 pounds.