Energy Prices to Soar to Three-Year High Amid Government Cuts
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Energy prices to rise to three-year high Energy bills for millions of households are expected to rise this winter to the highest level for three years
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So much so that Ofgem's official calculations for typical energy consumption were lowered again in July (to 9,500 kWh of gas and 2,500 kWh of electricity a year).
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The government is cutting VAT from electricity bills in October, which should knock about £50 off a typical annual bill, and some policy costs were cancelled or shifted in April, but ministers say there is more to do.
3 details only one outlet reported
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01 BBC Business Published Energy bills may have been a long way from our minds through the sweltering summer.
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02 Washington Times Business Figures first reported by The Associated Press showed that about 440,000 Floridians dropped their Affordable Care Act plans this year - more than in any other state. Thousands more who kept coverage are struggling to get by, as prices of necessities like groceries and gasoline remain steep, and health insurers project another year of double-digit premium hikes.
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03 NPR Economy Tulsa bakes in high temperatures and high electric billsThe cost of electricity has been rising faster than inflation. Tulsa, Okla., has been baking in triple-digit temperatures. And some residents are in danger of having their power cut off.
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Sources (3)
- bbc-biz
- npr-economy
- washtimes-biz