UK Households Face Soaring Gas Costs in 2023
Average Gas Bill Rises by 34%
UK households are facing a significant increase in their gas bills, with the average bill rising by 34% in the first half of 2023. According to data from WEB, the average household's gas bill between January and March 2023 was 2126 pence per kWh, up by 544 pence per kWh or 34% compared to the same period in 2022.
Natural Gas Prices Surging
The increase in gas bills is primarily due to the rising cost of natural gas, which is used to generate electricity and heat homes. WEB data shows that the price of natural gas for household consumers increased to 01187 per KWh in the first half of 2023, up from... The surge in natural gas prices is being driven by a combination of factors, including the ongoing conflict in Ukraine and increased global demand.
Impact on Household Budgets
The soaring gas bills are putting a strain on household budgets, especially for those on low incomes. The increase in gas costs is expected to add hundreds of pounds to the average annual energy bill, making it more difficult for many families to make ends meet. The government has announced a number of measures to help households cope with rising energy costs, but it remains to be seen whether these measures will be sufficient to alleviate the financial burden.
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