Ofgem boss warns of ANOTHER energy bill hike amid £3,000-a-year war

dailyrecord.co.uk:

The head of Ofgem has warned that Scots households should anticipate another raise in energy prices this year. Speaking at the All Energy event in Glasgow, regulator chief Jonathan Brearley said: "Gas markets remain in a febrile state since the Russian invasion."Prices fluctuated from nearly 16 times the average price last winter at its highest to around 4 times what we'd usually see."The market remains highly volatile and as a result we do expect further price increases later this year." Analysts Cornwall Insight already predicted this hike and that households would see their bills rise by as much as £600 from October.

That would make the typical household's gas and electricity bills £2,595, reports the Mirror. Mr Brearley continued: "Many of you in the room know the impact the gas crisis has on the sector, but most importantly it is putting huge strain on the customers we serve."I talk to customers on a regular basis, and I know how tough rising energy prices are for many households and businesses."For some, not being able to afford rising energy bills is literally a matter of life and death." Around 1.5million UK households will struggle to pay food and energy bills amid a deepening cost-of-living crisis that will plunge Britain into a recession, a leading think tank warned today.

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