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UK faces record rise in energy prices, adding to bill stress

Britain's Chancellor of the Exchequer Rishi Sunak holds a press conference in the Downing Street briefing room, London, Thursday Feb. 3, 2022. Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills. (Justin Tallis/Pool via AP) Britain's Chancellor of the Exchequer Rishi Sunak holds a press conference in the Downing Street briefing room, London, Thursday Feb. 3, 2022. Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills. (Justin Tallis/Pool via AP) Britain's Chancellor of the Exchequer Rishi Sunak holds a press conference in the Downing Street briefing room, London, Thursday Feb. 3, 2022. Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills. (Justin Tallis/Pool via AP) Britain's Chancellor of the Exchequer Rishi Sunak holds a press conference in the Downing Street briefing room, London, Thursday Feb. 3, 2022. Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills. (Justin Tallis/Pool via AP) Britain's Chancellor of the Exchequer Rishi Sunak leaves after a press conference in the Downing Street briefing room, London, Thursday Feb. 3, 2022. Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills. (Justin Tallis/Pool via AP) Britain's Chancellor of the Exchequer Rishi Sunak looks on as he speaks during a press conference in the Downing Street briefing room, in London, Thursday Feb. 3, 2022. Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills. (Justin Tallis/Pool via AP) Britain's Chancellor of the Exchequer Rishi Sunak speaks during a press conference in the Downing Street briefing room, in London, Thursday Feb. 3, 2022. Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills. (Justin Tallis/Pool via AP)