Cap on UK energy bills expected to rise to around 2,800 pounds in October - regulator


Reuters | London | Updated: 24-05-2022 17:24 IST | Created: 24-05-2022 17:05 IST
Cap on UK energy bills expected to rise to around 2,800 pounds in October - regulator
Representative Image Image Credit: ANI
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The head of Britain's energy regulator said on Tuesday that a regulatory price cap on the most widely used consumer energy tariffs was expected to reach 2,800 pounds ($3,499.16) in October.

"We are only part-way through the price cap window but we are expecting a price cap in October in the region of 2,800 pounds," Jonathan Brearley told a committee hearing.

The cap was raised by over 50% to 1,971 pounds in April. ($1 = 0.8002 pounds)

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