UK energy bills to rise even higher as suppliers warn of ‘nationwide crisis’

UK energy bills to rise even higher as suppliers warn of ‘nationwide crisis’

The new year could see further increases to energy bills in the United Kingdom, providers have warned.

Speaking to the Financial Times, several providers including Good Energy, EDF and the trade body Energy UK called on the government to intervene as a matter of urgency.

According to Press TV, the warning comes as the cost of gas in wholesale markets increased by over 500 percent in less than a year.

The situation is a “nationwide crisis,” said the Chief Executive of Energy UK, Emma Pinchbeck.

“Other treasuries in Europe have already responded to the crisis, but in the UK, the energy sector is still asking if the chancellor knows that energy bills going up by over 50 percent in the new year is a problem for ordinary people, businesses and the economy,” Pinchbeck told the Financial Times.

Also, Nigel Pocklington, Chief Executive of Good Energy, a small renewable energy company,…

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