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	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,110.00	60,235.00 59,710.00	920.00 1.55%
BRENT CRUDE	74.84	75.84 72.06	1.10 1.49%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.75 0.66%
ROTTERDAM COAL MONTHLY	126.25	126.25 126.25	0.35 0.28%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	71.49	71.61 71.43	-0.43 -0.60%
SUGAR #11 WORLD	14.12	14.18 13.86	0.10 0.71%