An energy chief has warned households to brace themselves for a further hike in gas and electricity bills this year. Ofgem regulator chief Jonathan Brearley said the Russian invasion has left gas markets in "a febrile state".
During a speech in Glasgow, he warned he knew how hard it was for customers. He told listeners how for some it was "literally a matter of life or death", reports The Mirror.
He said: "Prices fluctuated from nearly 16 times the average price last winter at its highest to around four times what we'd usually see. The market remains highly volatile and as a result we do expect further price increases later this year."
