Saturday, October 1, 2022

Turn on electricity in the UK and 10.5 million households will be in energy poverty in 2023

Like in Argentina, where inflation reached historic highs, Reading prices in the UK hurt more and more. This Is Why Many Britons Will Avoid Reading official forecastwho predicts that The average energy bill will exceed £5,000 in 2023.

In this way the administration of outgoing Prime Minister Boris Johnson is facing More pressure to reduce the growing cost of living crisis, While many sectors demand immediate intervention. This week, bulk gas prices Europe’s energy crisis and Russia responded with sanctions new and strong growthWhile the power generators did not reach an agreement to mitigate the impact of the new price hike.

Consulting firm Auxilione has warned of a sharp increase in rates in 2023. The energy price range for gas and electricity bills started this year at £1,277, but has already risen to £1,971. Britain’s average household bill has already increased by 54% this yearor, which has increased the danger of subsistence that forced many Britons to choose between “hot or eaten”.,

The Financial Times reported that a forecast this week suggested that Will reach 4,420 pounds by next yearWhile Oxilion marked that This limit will comfortably exceed £5,000 by the first half of 2023.

The government has not yet found a solution for this, “There was no complacency” in the meeting with the power generator“, although it was an acknowledgment that proposals for mitigating the crisis “should be developed with a sense of urgency”. Hence the idea of ​​charging an extraordinary tax on electric generatorsBecause of their huge profit from the crisis.

It can be a sign of salvation, but also condemnation. RWE, The German company that produces about 15 percent of the UK’s electricity, was announced a Plans to invest 15,000 million pounds in renewable energy. However, he now warns that “when the energy sector is at a critical moment any interference perceived insufficiently can backfire and carry the risk of unintended consequences.” In other words, A measure that harms it would put the investment that the country so desperately needs.

Radical requests to non-responding government

There were also calls for a more extreme solution as the UK faces the prospect of a deep recession. Former Labor Prime Minister Gordon Brown suggested that The government may eventually need to nationalize parts of the industry if it cannot lower prices.

Dale Vince, founder of Ecotricity, a green energy generator and retailer who was not at the meeting, said the government needed to a “reasonable unexpected tax” and “ideally £40bn, a tenth of the pandemic funding, to get the country through the winter energy crisis.” Vince also suggested that the government should “impose a ceiling price on producers of gas and oil from the North Sea.

Turn on electricity in the UK and 10.5 million households will be in energy poverty in 2023
Boris Johnson faces increasing pressure from voters

help said that There seemed to be “little praise” in the government for the “impossibility” of reducing prices. “In such a globalized market, energy companies and the government have little control over it,” he said.

“The government will continue to work with the power sector on ways we can reduce the pressure on living and invest more rapidly in British energy security,” Boris Johnson said at the conclusion of the meeting with Energy. companies.

families are getting poorer

Former Foreign Minister Rishi Sunak announced in May a £15bn relief package for consumers, a “British IFE”, consisting of £400 for each household. Since then, however, rising wholesale prices have threatened to dampen the impact of that support, and Sunak and his rival in the Tory leadership, Liz Truss, are under pressure to announce new measures.

A report by comparison site Uswitch said on Wednesday thatFamilies are owed £1.3bn to their energy providers. the total debt bill was already three times more than a year ago According to the report cited by The Guardian, the increase was expected this winter.

Turn on electricity in the UK and 10.5 million households will be in energy poverty in 2023
Energy prices are becoming more and less predictable

Six million families across the UK They now owe their energy provider an average of £206, compared to £188 in April. The number of homes on loan from your supplier has increased from 11 to 9 million as of April.

hence, During the first three months of the next year, approximately 10.5 million households will be living under energy shortage.That means your income will drop below the poverty line once you pay for electricity, according to final Fuel Poverty Coalition (EFPC) estimates released on Tuesday.

So far, the only one that has been defined is the enormous growth facing British households.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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