The head of Ofgem, the United Kingdom's energy regulator, said that annual bills for millions of households would likely rise by about another £800 ($1,000) to £2,800 ($3,494) later this year.
London Brits are bracing for another huge hike in their energy bills, and pressure is mounting on the UK government to impose a windfall tax on big suppliers to offset some of the pain.
The head of Ofgem, the United Kingdom's energy regulator, said on Tuesday that annual bills for millions of households would likely rise by about another £800 to £2,800 later this year. The new rises would kick in starting October when Ofgem next adjusts its price cap, which is the maximum suppliers can charge customers per unit of energy. In April, the regulator raised the cap by a whopping 54% — the biggest increase since it began capping prices five years ago.
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