Britons to face shock of record leap in fuel bills

[AJBot]

LONDON -- Britons will learn the reality of the looming winter energy shock on Friday when the regulator announces an expected 80% jump in its price cap, heaping pressure on the government to do more to help millions of households facing fuel poverty. Wholesale gas and power prices that were already rising after the pandemic have surged since Russia invaded Ukraine and Moscow curtailed gas exports to Europe, driving UK inflation to a 40-year high. The increases are passed on to British consumers through a price cap, calculated every three months, that was designed to stop energy suppliers prof ...

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