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Millions of British households are likely to experience a 56 per cent increase in their electricity bills since April, bringing them to $ 2,000 a year, according to estimates expected to rise in price. volatility in the markets for capital goods.
Investec, a currency bank, says the price of electricity in Britain should be increased to $ 1,995 per year from home since April when the limit is adjusted by Ofgem, the regulator, unless the state or government comes up with a “reduction.” Action to reduce punches.
The cap has been set at $ 1,277 per household since October, depending on how they are eaten, but high prices continue to rise. UK oil prices are selling at 364p per therm – six times their rate at the beginning of the year.
Investec analyst Martin Young said even though the price hike was “successful”, a a sharp rise in consumer debt “it will still surprise many, which in turn will affect wasteful spending, rising prices, and oil poverty.”
“This dramatic increase could have political consequences,” Young added.
The price of electricity in Britain protects more than 15m households who choose not to buy luxury items.
In the recent crisis of strong oil prices, fixed prices were priceless, although some retailers are now offering fixed contracts in excess of £ 1,500 above the current cap level to reflect high prices.
Ofgem changes the price tag twice a year, in April and October. He is expected to announce the next increase in February.
Young warned that commodity prices make up one portion of the lion expected to rise from April but at around $ 300 on its average price of $ 2,000 a year and other items that can be delayed or adjusted to reduce consumer burden.
These include value-added tax, grants to support renewable energy growth, as well as savings to customers of failed power consumers.
Electricity companies and poverty-stricken corporations oil in recent months have forced ministers to spend such money for a long time, or to withdraw it altogether.
Energy UK, a commercial organization, says government debt could help reduce the April increase by launching a rescue package for failed retail customers.
Since the beginning of August, 26 electricity retailers have been on the rise because prices have caused a major problem for 20 years in the industry.
EDF Energy, Britain’s fourth largest commodity retailer, has called on the prime minister to implement the proposal VAT is expected to fall on winter bills in the winter to provide additional financial assistance to vulnerable families.
Audrey Gallacher, director of retails at Energy UK, said: “At the moment people have been removed from inflation but we are very concerned about what is happening in April.”
Investec price comparison is 5 percent higher some recent prophecies and organizations including Citizens Advice.
A government spokesman said: “At a time when gas prices have risen dramatically around the world, our main goal is to protect consumers.”
He cited a £ 500m fund for needy families, on top of plans such as a hot house discount, which is being raised to $ 150 and supporting 2.7m families,
Additional reports of Neil Hume
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