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03 Feb
18:24

UK EV drivers in ‘unique’ position amid rocketing power prices: Rightcharge

Electricity bills in the UK will rise by a record 54% from 1 April, or £693/year ($943.02/y), in response to a historic rise in global gas prices over the last six months, Kallanish reports. Energy regulator Ofgem confirmed the news on Thursday, saying wholesale prices have quadrupled last year, making the increase in the energy price cap a necessity. The cap mechanism stops energy companies from making excessive profits, but also allows them to pass on all …
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