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Added on the 04/02/2022 00:00:29 - Copyright : AFP EN
Ofgem's move will see average annual household bills soar to £3,549 pounds (€4,204).
Britain's largest energy suppliers could face a price cap after a competition watchdog found they overcharged households by around 1.2 billion pounds eash year between 2009 and 2013. As Sarah Charlton reports Britons have seen their bills double in the last decade.
President of the European Commission Ursula von der Leyen says Russia is losing "around 160 million euros a day" from oil price cap. SOUNDBITE
Moscow has announced a ban on the export of crude oil to countries that have introduced price caps on Russian oil and petroleum products.
EU ministers have finalized a long-awaited deal to implement a natural gas price cap they hope will help households and businesses better weather excessive price surges. The Czech presidency of the European Council, which represents member countries, saying a deal had been reached. Under the agreement, the mechanism will kick off if prices exceed 180 euros per megawatt hour for three days. Once triggered, the mechanism will remain active for at least 20 days. FRANCE 24's correspondent in Brussels, Pierre Benazet, tells us more.