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Added on the 26/08/2022 08:39:29 - Copyright : Euronews EN
The UK government stepped in to help the hardest-hit households struggling with the rising cost of living, announcing a £9 billion package to offset soaring energy bills. It followed an announcement by that energy regulator that the price cap on how much suppliers can charge consumers will jump by 54 percent due to soaring wholesale gas prices.
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.
The British prime minister insists the government has a "clear plan" that is "right for the country" after its mini-budget caused market turmoil and an opinion poll nosedive
The exceptional measure should be accompanied by an EU-wide plan to reduce electricity consumption.
President of the European Commission Ursula von der Leyen says Russia is losing "around 160 million euros a day" from oil price cap. SOUNDBITE
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