Britons hit by the ‘world’s third highest’ electricity price increase

Since 2016, there has been a 35% increase in the average unit price of electricity in the UK, according to a report

The UK has the third highest price increase for electricity worldwide.

That’s according to new research by BOXT, which suggests the unit price for electricity in the UK has risen by 35% in the last five years, from 14.35 pence/kWh to 19.31 pence/kWh.

The government has introduced measures to help households and businesses cope with soaring energy bills.

The Energy Price Guarantee and the £400 non-repayable bill discount are among these measures.

The report’s authors have found that Norway is the country where electricity prices have risen the most in the last five years, an estimated 91%.

Households in Finland have seen a 37% increase in their electricity bills since 2016, according to the study.

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