Energy retailers demand increase in retail tariffs
Electricity suppliers fear some retailers will be sent to the wall if the national energy regulator doesn’t raise benchmark power prices by enough to reflect a huge surge in wholesale prices due to escalating prices for coal and gas amid the war in Ukraine.
A blowout in wholesale rates in recent weeks has opened up a big gap with household tariffs, pointing to the need for sharp increases in household energy bills that would stoke worries about the rapidly rising cost of living.
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