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22.12 - 18:47
Energy bills could rise by 50% amid ‘national crisis’ of soaring UK prices
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Energy bills could rise as much as 50% in the spring as the UK faces a “national crisis” over soaring wholesale gas and electricity prices, the energy industry has warned.
The trade body Energy UK has called on the government to intervene to help cut the cost of bills as soaring wholesale prices drive dozens of energy companies out of business.
“Domestic energy prices are going to go up 45% to 50% in the spring,” warned Emma Pinchbeck, the chief executive of Energy UK, speaking on BBC Radio 4’s Today programme on Thursday.
“It is looking pretty serious for the spring. This is a system-wide issue now. We are asking for the Treasury in the UK to intervene as others have [in Europe],” Pinchbeck said.
While wholesale prices continue to climb
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