September 29, 2022

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New UK PM might want to take pressing motion on power payments – Ofgem CEO

LONDON (Reuters) – Britain’s new prime minister might want to act urgently to deal with...

LONDON (Reuters) – Britain’s new prime minister might want to act urgently to deal with the problem of hovering power costs, the chief government of power regulator Ofgem Jonathan Brearley mentioned on Friday, warning costs seemed set to rise additional.

“The prime minister, along with his or her ministerial group, might want to act urgently and decisively to deal with this. All of us, with the federal government, have to get forward of this drawback and handle it on behalf of shoppers,” he informed BBC Radio, after Ofgem introduced common annual family power payments will rise by 80% from October to three,549 kilos.

 

(Reporting by Kylie MacLellan; Enhancing by Kate Holton)

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