AS Paper 1, June 2023Introduction to Markets and Market Failure
AS Paper 1, June 2023, Q1(a)
Which one of the following is the percentage increase in the maximum price to the average household bill?
Multiple choice1 mark
Context
In 2021, energy regulator Ofgem announced that the maximum price of energy will rise from £1277 to £ 1971 a year, for the average household bill.
A35%
B45%
C54%
D694%