UK's Ofgem lowers price cap, says bills may hit $2,140

Reuters Images/REUTERS

British regulator Ofgem on Friday lowered its price cap on household energy

Eva Mathews, Reuters News

February 23, 2024

PHOTO

British regulator Ofgem on Friday lowered its price cap on household energy bills from April 1 to an annual level of 1,690 pounds ($2,140) for a typical dual-fuel household - the lowest level since Russia's invasion of Ukraine in February 2022.

($1 = 0.7896 pounds) (Reporting by Eva Mathews in Bengaluru; Editing by Sherry Jacob-Phillips)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.