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The Guardian - UK
The Guardian - UK
Business
Phillip Inman Economics Editor

Cost of living crisis: four things the government could do to help

The energy price cap is tripling to £3,600 in October
The energy price cap is tripling to £3,600 in October. Photograph: Danny Lawson/PA

The cost of living crisis hitting millions of households is about to get a whole lot worse.

Gas is the bedrock of power generation in the UK, supplying millions of homes directly and accounting for about 45% of electricity supply. It has rocketed in price, up 400% in the past year and 1,000% since 2019, according to the ICE futures market.

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