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Energy Crisis in Europe
Europe is bracing for tough winter as US-led push to “punish” Moscow for its military operation in Ukraine backfired on the EU, which has faced months of skyrocketing energy prices and rising inflation after Brussels joined Washington in attempting to “phase out” Russian oil, coal and gas.

UK to Announce New Support Measures for Population in September, Johnson Says

© AFP 2023 / PETER NICHOLLSBritain's Prime Minister Boris Johnson carries his ministerial briefcase as he boards an aircraft in London, on February 1, 2022, before departing for Kyiv, to meet with Ukraine's President Volodymyr Zelenskiy
Britain's Prime Minister Boris Johnson carries his ministerial briefcase as he boards an aircraft in London, on February 1, 2022, before departing for Kyiv, to meet with Ukraine's President Volodymyr Zelenskiy - Sputnik International, 1920, 26.08.2022
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MOSCOW, (Sputnik) - Outgoing UK Prime Minister Boris Johnson said on Friday that the government will announce new measures to support the population next month amid the pressure of rising energy bills.
"Don't forget that even more statements [on support measures] will follow next month. More funds will be received starting from September," Johnson told Sky News.
The UK government plans to pay additional 650 pounds ($764) in October to eight million families in a "vulnerable" financial situation, Johnson said, adding that in November, British elderly will also receive aid in the amount of 300 pounds and people with disabilities will get 150 pounds.
Johnson also reiterated that despite all the difficulties the country is facing, the UK must achieve "energy independence," including through gas production in the North Sea.
The prime minister's statement follows the UK energy regulator Ofgem's announcement to increase the energy price cap by 80% to 3,549 pounds per year starting October 1 due to soaring global energy prices.
Ofgem chief executive Jonathan Brearley warned that energy prices are likely to continue to rise, and called on whoever will be the country's future prime minister to take new measures to tackle skyrocketing prices.
Since 2021, energy and electricity prices in Europe have been rising rapidly following a global trend of post-COVID recovery. Inflation accelerated further across Europe due to sanctions imposed on Russia over Ukraine, with inflation in the UK reaching historic high since March 1982. The rising cost of living has hit millions of households, prompting workers to go on strikes.
A view of Ratcliffe-on-Soar power station, in Nottingham, England. Britain expects Friday, 21 April 2017 to be the first full day since the Industrial Revolution when it hasn't used coal to generate electricity.  (David Davies/PA via AP) - Sputnik International, 1920, 26.08.2022
Ofgem Raises Energy Price Cap by 80 Percent
Ofgem announced a 54% increase in the energy price cap to almost 2,000 pounds starting April 1 this year due to a sharp increase in world energy prices. The next increase in the energy price cap, which is expected to hit 5,066 pounds, will take effect in January next year and will be announced on November 24, according to energy consultancies.
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