Page 34 - Londra Gazete Sayı 1106

Londra Gazete, 19 May 2022 LondraGazete.com/English 7

Ofgem proposes energy review

every 3 months to above shock

price changes

HOUSEHOLD energy bills now risen by an average £708 to to purchase for their customers,
could change every three months £2,017 a year. reducing the risk of further sup-
plier failures, which ultimately
Ofgem's chief executive Jona-
under new plans aimed at avoid- than Brearley said: "The proposed pushes up costs for consumers."
Diesel prices reach record ing price shocks. change would mean the price Since early last year, more
Currently gas and electrici-
ty bills are updated every six cap is more reflective of current than 30 UK energy companies
of over £1.80 a litre months. market prices and any price falls have gone bust after firms found
The plans, proposed by the would be delivered more quick-
themselves unable to pass on the
UK diesel prices rose to a record ence - Hungary has rejected the energy regulator Ofgem, would ly to consumers. "It would also full cost of soaring wholesale gas
of just over £1.80 a litre as efforts proposal as unacceptable and the mean price falls and rises would help energy suppliers better pre- to customers because of the price
to stop importing fuel from Russia Czech and Slovak governments want be passed on to customers more dict how much energy they need cap.
pushed up costs for retailers, the a transition period. The UK is not as quickly.
RAC said. After the previous record dependent on Russian oil as the EU It comes as the UK cost of liv-
of £1.79 was set in March following is, however, almost a fifth of all UK ing is expected to rise further,
the Russian invasion of Ukraine, diesel consumption was provided by prompting calls by Labour for a
prices dipped but have risen again Russian imports in 2020. windfall tax on oil and gas firms
in recent weeks. The RAC said pet- The UK is also affected when global to help households.
rol prices went up by nearly 3p a li- prices rise, despite its plans to stop The price cap which is the maxi-
tre since the start of May and were Russian oil imports by the end of mum price per unit that suppliers
£1.66 a litre on average. It said if EU the year. "Efforts to move away from can charge customers - is updated
members agreed to ban Russian oil, importing Russian diesel have led to twice a year in April and October.
prices could rise further. The EU has a tightening of supply and pushed Last month, a typical energy bill
been focusing for weeks on how to up the price retailers pay for diesel," jumped from £1,277 to £1,971
wean itself off Russian energy and said RAC fuel spokesman Simon and is forecast to soar a further
has plans to phase out Russian crude Williams. "Unfortunately, drivers 32% when the cap is revised again
oil over six months. with diesel vehicles need to brace in October.
However, countries are split on themselves for yet more pain at the For people on prepayment
how soon they wind down depend- pumps." meters, the price of energy has