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Electricity Base Rates Have Increased by Nearly 100% Over The Last 12 Months!

We saw a decrease in the demand for fuel after the first lockdown happened and as a result, prices were at an all-time low. Prices are steadily increasing but there seems to be a number of different reasons for it. Recently, gas prices have been increasing because of an increase in demand and the effects of the meltdown last year. A reduction in electricity supply combined with an increase in gas prices has led to a higher price for wholesale electricity. The base rate for electricity alone has increased nearly 2-fold in the United Kingdom and is expected to continue.*source: www.theice.comThe…

Continue ReadingElectricity Base Rates Have Increased by Nearly 100% Over The Last 12 Months!