UK energy price cap could rise by 500 stg more

MG News | April 12, 2022 at 09:37 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 12, 2022: British gas and electricity bills are likely to rise by a further 500 pounds ($651.35) this autumn as the war in Ukraine weighs on wholesale energy prices, according to The Times.

An initial assessment from the energy regulator Ofgem concluded the energy price cap is on course to rise to about 2,400 pounds in October, the report said.

However, there is considerable uncertainty in the estimate and it could be higher if the disruption to markets continues throughout the summer, Ofgem warned ministers, according to the newspaper.

Reuters

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,175.51 216.20M	0.58% 984.86
ALLSHR	103,183.14 695.21M	0.63% 650.16
KSE30	51,222.50 86.05M	0.65% 329.46
KMI30	245,442.74 79.49M	0.75% 1819.66
KMIALLSHR	66,977.52 438.22M	0.75% 499.57
BKTi	46,694.47 24.99M	0.10% 46.03
OGTi	35,691.66 7.41M	1.22% 429.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,505.00	63,910.00 63,290.00	-290.00 -0.45%
BRENT CRUDE	95.36	97.44 93.93	-2.45 -2.50%
RICHARDS BAY COAL MONTHLY	122.50	122.50 122.00	-1.25 -1.01%
ROTTERDAM COAL MONTHLY	134.20	136.95 133.00	-4.80 -3.45%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	92.84	92.94 92.52	-0.20 -0.22%
SUGAR #11 WORLD	14.28	14.45 14.14	0.04 0.28%