Britain’s Energy Prices Soar. Will It Happen In Canada?

Source: Aaron D’Andrea Global News, August 31, 2022

European nations like Germany and Spain have imposed measures to reduce energy use now in order to preserve supplies for the colder months.

October will bring shock for many in Britain.

At the start of the month, U.K. residents will see an 80 per cent increase in their annual household energy bills, the country’s energy regulator announced earlier this month, following a record 54 per cent spike in April. That will bring costs for the average customer to 3,549 pounds ($5,418) a year from 1,971 pounds ($3,009).

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