Britain sets cap on energy bills

9 September, 2022
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Britain sets cap on energy bills

The British government has announced a support plan to counter the rise in energy prices in the country, by setting a ceiling for energy bills prices internally, up to 2500 pounds annually, for two years.


The new Prime Minister, Liz Terrace, said in a speech to the British Parliament, that the prices of annual energy bills will be set at a ceiling of 2500 pounds, and the plan "will last for two years, starting next month", as part of a plan to reduce the burdens on citizens, in light of the high prices.


 "The country is facing an energy crisis due to the repercussions of the Ukrainian crisis," she added, "addressing this crisis will be accompanied by a cost, but the government will work to reduce the burden on citizens," she noted.


Oil and natural gas prices in Europe have been recording high levels since the beginning of 2022, especially after the Ukrainian crisis.


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