# New UK PM will need to take urgent action on energy bills – Ofgem CEO
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2022-08-26
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: UK's new PM must act urgently on soaring energy prices
Meta Description: Energy regulator Ofgem CEO Jonathan Brearley warns of further price hikes, calling for urgent and decisive action to manage issue on behalf of customers.
URL: https://fintechherald.com/new-uk-pm-will-need-to-take-urgent-action-on-energy-bills-ofgem-ceo

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LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, the chief executive of energy regulator Ofgem Jonathan Brearley said on Friday, warning prices looked set to rise further.

“The prime minister, with his or her ministerial team, will need to act urgently and decisively to address this. All of us, with the government, need to get ahead of this problem and manage it on behalf of customers,” he told BBC Radio, after Ofgem announced average annual household energy bills will rise by 80% from October to 3,549 pounds.

(Reporting by Kylie MacLellan; Editing by Kate Holton)


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