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Evening Standard
Evening Standard
World
Rachael Davies

Cost of living: what are ‘warm banks’ and where could they open in the UK?

After Ofgem announced an 80 per cent energy price cap increase, most households can expect to pay about £1,570 more a year for gas and electricity.

The jump reflects rising wholesale energy costs for suppliers caused by a number of factors including the Russia-Ukraine conflict reducing gas exports to Europe.

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