Household bills could rise by 50% over next six years, Energy UK warns
Energy UK, the energy industry’s trade body, has warned that household bills could rise by another 50% over the next six years, a news report in the mainstream media has revealed.
That’s because most energy suppliers seem to value supply security more than affordability, which means that they’d rather invest in infrastructure and pass on the costs to their customers.
According to the same source mentioned above, Angela Knight, the chief executive of Energy UK, defended the sector and argued that the UK had the lowest gas price in the European Union and one of the lowest electricity costs. But she said the “old trilemma” of decarbonisation, energy security and affordability meant there was relentless upward pressure on prices.
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