Britain’s government wants to reform power markets
It would eventually bring down energy bills, but won’t help this winter
Bad news is no more welcome for being expected. On August 26th Britons learn just how high the regulatory “cap” on electricity and gas prices will be from October. The average household’s monthly bill is likely to rise to about £300 ($355), more than three times what it was a year ago. Another leap, to £355, is likely in January. Businesses, which have no cap, have been suffering even higher increases.
This article appeared in the Britain section of the print edition under the headline “Electric shock”
Britain August 27th 2022
- Who should pay for the BBC?
- Britain’s government wants to reform power markets
- Reducing the power of the Treasury is a good idea
- In looser insurance rules, British politicians spy a Brexit dividend
- A few bird species are faring amazingly well in Britain
- British parents need more help than ever to afford school uniforms
- Boris Johnson is likely to create many new peers
From the August 27th 2022 edition
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