In the UK, it was allowed to raise electricity prices twice as often amid the crisis

The United Kingdom’s Gas and Electricity Markets Authority (Ofgem) has allowed companies to raise their electricity price ceilings on a quarterly basis, rather than the semiannual basis it used to be. This is stated in a statement released on Thursday by the regulator.

“Today’s change is intended to provide the stability needed in the energy market and reduce the risk of further major disruptions to supply. [электроэнергии], which provoke chaos and lead to higher prices for consumers,” the statement said. It emphasizes that this decision was taken against the backdrop of the bankruptcy of a number of British energy companies due to record high gas prices in European markets.

Ofgem emphasized that the next review of the UK electricity price ceiling will be carried out at the end of August, and not in October, as originally envisaged. “We will continue to work closely with the government, consumer groups and energy companies on [мерами] further support that can be provided in connection with high prices,” said the head of the regulator, Jonathan Brearley.

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