Articles and News

 


The British Crisis is getting scarier, residents are threatened with suffering

 

The energy crisis in the UK is deepening. This is believed to make residents more miserable, especially because of the rising cost of living.

Britain's energy regulator Ofgem announced that the increase in gas prices from suppliers would be passed on to consumers. Electricity and gas tariffs will increase by 54% for household users.

This is due to gas purchases that do not have a "fixed agreement" with suppliers. The price to be paid by consumers increased by 693 pounds to 1,971 pounds (about Rp 38,000,000) per year. The increase in prices to consumers will take effect from April. Not only England, but the rules also apply in Wales and Scotland.

"We know this increase will be very worrying for many people, especially those who are struggling to make ends meet," said Ofgem Chief Executive Jonathan Brearley.

"The energy market is facing major challenges due to the unprecedented rise in global gas prices, a once in 30 years event," he added.

"Ofgem's role as an energy regulator is to ensure that, below the price cap, energy companies can only charge fair prices based on the actual costs of supplying electricity and gas."

Meanwhile, another part of Great Britain, Northern Ireland will also do the same. Please note, this region has a separate regulator.

Household gas bills will rise. But unfortunately, there are no details of the increase and when.

Winter was blamed for soaring prices. This is said to have put pressure on supply and increased demand.

Not to mention the geopolitical problems in Russia and Ukraine. Russia is known as a source of European gas, the only fossil energy being campaigned for at this time, amid the shutdown of nuclear power plants and coal and the lack of renewable energy such as wind.

The government itself has been urged to take action. Prime Minister Boris Johnson, who is now in the midst of a scandal over violating the lockdown rules over his 2020 Downing Street party, is under pressure to rein in the cost of living crisis.

Finance Minister Rishi Sunak is expected to announce a support package to residents. According to The Times, this includes discounts for poor households.

UK inflation rose to near a 30-year high in December. The increase in household electricity and gas bills is believed to trigger further concerns about the pressure on the cost of living in the country.

Moreover, the government's tax increase is also planned for April. Not to mention, the Bank of England is expected to raise interest rates from 0.25% to 0.5% due to efforts to tame rampant inflation.

"2222 is probably going to be the hardest year for many British families," supermarket director Richard Walker told the BBC.

"We're talking about energy prices and costs that directly affect consumers, but that's going to have a huge impact on businesses too. In terms of grocery retail, every supermarket is going to raise its prices." British society must prepare for the misery of facing an energy crisis. The reason is, starting April 2022, the British energy regulatory agency, Ofgem will increase gas prices and electricity tariffs to 54% for household users.

With this policy, around 18 million households with standard tariffs will experience an increase in electricity rates from an average of 693 pounds (around Rp. 13 million). From 1,277 pounds (around Rp. 24 million) to 1,971 pounds (Rp. 38.5 million) per year.

Then, around 4.5 million prepaid subscribers, will also see an increase of around 708 pounds (Rp 13.8 million). From 1,309 pounds (Rp 25.5 million) to 2,017 pounds (Rp 39.3 million) per year. This increase is not only in England, the rules also apply in Wales and Scotland. "We know this increase will be very worrying for many people, especially those who are struggling to make ends meet," said Ofgem Chief Executive Jonathan Brearley.

"The energy market is facing major challenges due to the unprecedented rise in global gas prices, a once in 30 years event," he added.

"Ofgem's role as an energy regulator is to ensure that, below price limits, energy companies can only charge fair prices based on the actual costs of supplying electricity and gas." Meanwhile, the rest of the United Kingdom, Northern Ireland will do the same. Please note, this region has a separate regulatory body.

Household gas bills will rise. But unfortunately, there are no details of the increase and when. Winter was blamed for soaring prices. This is said to have put pressure on supply and increased demand.

Not to mention, geopolitical problems in Russia and Ukraine. Russia is known as a source of European gas, the only fossil energy being campaigned for at this time, amid the shutdown of nuclear power plants and coal and the lack of renewable energy such as wind.

No comments

Powered by Blogger.