Britain’s energy regulator Ofgem is set to increase its cap on energy prices by 54% this April 2022. This is in response to the skyrocketing price of gas, aggravated by demand picking up as countries relaxed lockdown measures, low-wind speeds, and bottlenecks in supply chains.
Over the same period, a recent ONS survey found that of the adults who reported a rise in the cost of living, 79% reported energy bills among the relevant causes.
