- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Britain has set new energy prices to increase 10% .
"Anyone who is struggling to pay their bill should make sure they have access to all the benefits they are entitled to, particularly pension credit, and contact their energy company for further help and support.”
The October cap hike is the first since January and will see the average annual electricity bill of a British household rise to some $2,250 from around $2,055. No explanation has been provided for the increase in wholesale electricity costs that prompted the cap hike.\
For context remember that in Britain, the percentage of British homes with air conditioning is 5%. 90% of US houses have AC. The average size of a house in the UK is between 85 and 100 square meters, or about 900 to 1,100 square feet. Barely half the size of US houses. And the average annual cost of electricity in the US was $1,644 per year.