Liberal Democrat leader Sir Ed Davey has said energy bills will be the “worst possible gift” this Christmas as the party found households will pay £100 million more this year. And they said because of the rise in the energy price cap, families will end up paying an extra £195 each over the year. “The spike in gas prices is seeing energy bills rise to unprecedented levels. Next year energy bills are projected to rise by at least another £400, possibly an inflation-busting £500 a year. Since 2019, energy suppliers in the UK have been subject to a price cap put in place by Ofgem, limiting the amount they can charge customers.

Source: The Times December 26, 2021 09:16 UTC