In view of the current trend, the British energy regulator Ofgem warns that “prices could worsen considerably throughout 2023”, and calls on the government to provide “urgent” aid in the midst of the crisis of the cost of energy. life. The ceiling will go from 1,971 pounds per year per average household (more than 24,000 dirhams) to 3,549 pounds (more than 44,000 dirhams) from October.
The world prices in question
“The rise reflects the continued rise in global wholesale gas prices, which kicked off with the post-Covid pandemic lockdowns, and were pushed to record highs as Russia slowly cut gas supplies to Europe.” , argues Ofgem.
This threshold being calculated according to the average of wholesale gas prices over the previous months, experts expect it to be raised to more than 4,000 pounds in January and up to 6,000 pounds in the spring according to projections. the most pessimistic, which should fuel inflation already at more than 10% per year in the United Kingdom.
“We recognize the massive impact this price cap hike will have on households across Britain and the difficult decisions consumers will have to make,” said Jonathan Brearley, chief executive of Ofgem.
“Putin takes revenge for our support for Ukraine”
Ofgem says the cap provides a "modest" profit for suppliers on energy sales to households, but that "unlike energy producers, most distributors are not currently making a profit".
Economy and Finance Minister Nadhim Zahawi also acknowledged that “announcements of energy price caps will cause stress and anxiety for many people, but help is coming with £400 off bills. energy for all, 650 pounds for vulnerable households and 300 pounds for pensioners”.
"As Putin drives up energy prices in revenge for our support for Ukraine's courageous fight for freedom, I am working tirelessly to develop new aid," he said. a few days before the announcement of the name of the successor to Boris Johnson in Downing Street.