Britons pay the most for electricity of anyone in the world.
Labour is urging the British Prime Minister, Rishi Sunak to bin April’s energy price cap rise as new figures show the UK has the world’s highest electric bills.
The increase will see the typical dual user paying £500 more a year than the £2,500 they do now even though wholesale prices are falling.
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Research by boiler company BOXT shows Brits pay 19.31p/kWh for their electricity with Ireland next on 18.99p followed by Spain on 18.51p. In 2016 the UK was in fourth place.
Shadow Chancellor Rachel Reeves said:
“On a week when temperatures fell below zero, many families and pensioners will be feeling the pressure acutely.
“At the same time, energy companies continue to enjoy record profits. That cannot be right.”
Shell will now pay tax in Britain for the first time since 2017 after making record profits between July to September last year of £7.7billion.
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However Britain is only the 19th most expensive country for gas and over the last five years electricity has risen by 35% compared to Norway’s 91%.
Yet Labour research shows that despite that overall energy bills will be £10,000 for the five years up to 2025 compared to £6,000 in the five years before.
And households who pay for bills through prepayment meters spend £79 more than those on direct debit.
