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Bloomberg
An April increase to the government’s price cap on energy bills will affect more than 75% of British households,
according to The Times.
The number of households covered by the price limit has risen to 22 million from 15 million, the newspaper said, citing energy regulator Ofgem.
Standard variable tariffs are capped at 1,277 pounds ($1,731) a year for a typical household until April, while most fixed tariffs now cost 2,000 pounds a year, according to The Times.
An announcement on April’s increase from the UK’s energy regulator Ofgem is set for February 7 and the cap could rise again in October. More than 20 UK energy providers have already collapsed under the strain of ballooning gas prices.