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U.K. Energy Price Cap to Rise 80%, Regulator Says



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Energy prices paid by most British households are set to rise 80 percent this fall, putting further pressure on consumers squeezed by higher prices and posing a daunting challenge for the next prime minister.A big jump in energy bills had been forecast for weeks, but the specific numbers released Friday morning by Britain’s energy regulator — a typical British household would pay 3,549 pounds (about $4,200) over a year for electricity and natural gas, from the current £1,971 — hit like a thunderclap in a country already reeling from double-digit inflation.It is the latest economic blow to European consumers and businesses as the war in Ukraine stretches already tight markets for energy.“This will be devastating for many families,” Jonathan Br …

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