UK to see 80% spike in energy bills as crisis deepens

INA - SOURCES

U.K. residents will see an 80% increase in their annual household energy bills, the country’s energy regulator announced Friday, following a record 54% spike in April.

That will bring costs for the average customer from 1,971 pounds ($2,332) a year to 3,549 pounds.

The latest price cap — the maximum amount that gas suppliers can charge customers per unit of energy — will take effect Oct. 1, just as the cold months set in. 

Bills are expected to rise again in January to 4,000 pounds.