OilPrice.com UK households will be paying much higher energy bills, which will rise not only because of high power and gas prices but also because of the collapse of Bulb, the biggest victim of the energy crisis so far, according to the UKâs energy regulator Ofgem, cited by Bloomberg.
The energy crisis and soaring wholesale power and natural gas prices claimed its biggest victim so far in the UK when Bulb, a power and gas supplier serving 1.7 million customers, said at the end of November that it would enter into special administration.
The collapse of Bulb, and more than 20 other energy providers in the UK since the summer, will cost a UK household between $106 (80 pounds) and $113 (85 pounds) on top of their energy bills next year and in 2023, according to the regulatorâs initial assessment of the cost of the crisis…
