The Worst Is Yet To Come For UK Households As Energy Prices Soar

When in December the UK government discussed raising a ceiling on household power utility bills, a warning immediately ensued, stating that such a move would throw millions into energy poverty. Now, the government is mulling over a second ceiling adjustment, and it won’t be downward. Last month, investment bank Investec forecast that electricity bills for UK households could soar by as much as 56 percent this year after Ofgem, the state energy market regulator, updates the energy price ceiling, the Financial Times reported. Now, the FT is…