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The price of energy in Britain triples

2022-08-28 12:24:36Kosova&Bota SHKRUAR NGA REDAKSIA VOX

The price of energy in Britain triples

Like all of Europe, Great Britain is facing the consequences of the energy crisis. The situation does not look promising at all, so even starting from the stratospheric increase in energy prices on the international stock exchanges, Britain has decided to increase the energy bill for all subscribers, including family ones or even businesses.

The UK's energy regulator, OFGEM, decided that starting from October 1st the energy price cap will increase to £3,549 per year for an average family of 2 to 3 people, or in other words triple compared to October a year ago. first, when the price of this bill was 1277 pounds.

Meanwhile, for large families, those with 4 to 5 people, the bill price will reach 5100 pounds.

The increase in the average price of energy in England reflects the continued increase in global prices, which started to rise as the world was unlocked by the Covid pandemic but reached record levels when Russia slowed gas supplies to Europe.

Britain's energy regulator does not provide forecasts for the price cap for January, but
analysts at Cornwall Insight predict further increases when the price cap is updated again. They say the typical average bill in January will be £5,386 a year.

The two largest economies of Europe, Germany and France, are also facing a difficult situation, which on Friday reached record energy prices per megawatt.

The electricity trading price in France rose from 630 euros on Thursday to 706 euros per megawatt-hour on Friday. In Germany, the electricity trading price reached 699 euros per megawatt-hour on Friday, from 599 euros on Thursday.


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