
Britons are paying 54% more for their energy starting now
CNN
Britons were hit Friday by a huge rise in energy bills, compounding the country's worst cost-of-living crisis in decades.
About 22 million households will see their annual bills soar to about £2,000 ($2,626) after the UK's energy regulator lifted its price cap by 54% — the biggest jump since it began limiting price increases in 2017. The cap sets a limit on the maximum price suppliers can charge per unit of energy.
The increase will double the number of English households living in "fuel stress" — defined as those spending at least 10% of their total budgets on energy bills — to 5 million, according to the Resolution Foundation.
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