and it may go up again in october. there s still a lot of volatility with there s still a lot of volatility with the there s still a lot of volatility with the wholesale price of energy being with the wholesale price of energy being the with the wholesale price of energy being the main reason for these increases being the main reason for these increases. the forecast that we have for the increases. the forecast that we have for the default tariff cap for this time for the default tariff cap for this time next for the default tariff cap for this time next year, that is actually rising time next year, that is actually rising further to well in excess of £2000 rising further to well in excess of £2000 a rising further to well in excess of £2000 a year at this point in time. there £2000 a year at this point in time. there is £2000 a year at this point in time. there is with £2000 a year at this point in time. there is with the least money spent a much bigge
plans to manage gas supplies that could lead to energy being rationed if russian gas were cut off. germany gets more than half its gas from russia. its economy minister has been urging consumers and companies to reduce their consumption. translation: we are in - a situation where i have to say clearly that every kilowatt hour of energy that is saved helps. therefore, as well as triggering this early warning, i want to appeal to companies and private consumers to help us to help germany, to help ukraine by saving gas or energy together. every kilowatt hour is a contribution to not only reducing private consumption, but also reducing consumption by companies will help a lot in this situation to get
and then inflation has kicked in. it remember this, with energy going up like that, you know, you have a product and you need trucks to deliver it, you need energy. with energy being doubled and tripled, what was just a few months ago when we were there, $1.87 per gallon, now it s over $5 per gallon. that s a lot more than 50%. when energy goes up like that, sean, everything s affected in terms of inflation. it has a huge inflationary impact on this country. i was here when jimmy carter when jimmy carter went out and did what he was doing. a lot of it was similar but on a much smaller scale, we had inflation. and it was almost ruining for our country. with it almost ruined our country. this is much more severe. what they are doing is changing the social fabric of our country. it s not even believable.
and then inflation has kicked in. it remember this, with energy going up like that, you know, you have a product and you needs trucks to deliver it, you need energy. with energy being doubled and tripled, what was just a few months ago when we were there, $1.87 per gallon, now it s over $5 per gallon. that s a lot more than 50%. when energy goes up like that, sean, everything s affected in terms of inflation. it has a huge inflationary impact on this country. i was here when jimmy carter when jimmy carter went out and did what he was doing. a lot of it was similar, but on a much smaller scale, we had inflation. and it was almost ruining for our country. it almost ruined our country.. this is much more severe. what they are doing is changing the social fabric of our country. it s not even believable. bernie sanders can t believe it. bernie sanders goes around