The cap on energy bills could be raised to a previously unthinkable £3,850 per year from January and remain above £3,500 until mid-2024,…
Continue ReadingAutumn Energy Bills to Rise More than Previously Predicted, Ofgem Boss Says
Written by Lauren Smith in Household & Bills
A previous prediction that the energy price would hit £2,800/year in October is likely an underestimate, the chief executive of Ofgem has told…
Continue ReadingIf the volatility in global gas markets continues, British households could face typical energy bills well over £3,000 per year from the autumn,…
Continue ReadingUK households spent nearly a third (28%) more on energy in April 2022 than the previous April, as the new energy price cap…
Continue ReadingQuarterly Price Cap Adjustments Could Mean Lower Energy Bills Next Winter
Written by Lauren Smith in Household & Bills
Ofgem’s plan to adjust the energy price cap every three months could mean bills fall more quickly next winter, according to a new…
Continue ReadingOfgem Proposes Quarterly Adjustments of the Energy Price Cap
Written by Lauren Smith in Energy Suppliers Household & Bills
Britain’s energy regulator has proposed adjusting the energy price cap as frequently as every three months as forecasts suggest wholesale markets will remain…
Continue ReadingEnergy Bills Could Hit £2,800 This Year, Bank of England Warns
Written by Lauren Smith in Household & Bills
The Bank of England is warning that energy bills will climb to £2,800 in October, contributing to 10% inflation and leaving the UK…
Continue ReadingRecord Numbers of Prepayment Energy Customers Self-Disconnecting, Citizens Advice Warns
Written by Lauren Smith in Energy Suppliers
After energy prices climbed at the beginning of April, record numbers of households stopped topping up their prepayment energy meters, going without light,…
Continue ReadingEnergy Bills Could Remain above £2,000 Until at Least 2024
Written by Lauren Smith in Household & Bills
A new forecast suggests household energy costs could remain well above £2,000 until at least 2024, undercutting the Chancellor’s loan scheme to ease…
Continue ReadingEnergy Bills Will Rise by Another £830 from October, OBR Forecasts
Written by Lauren Smith in Government Policy Household & Bills
A doubling of household energy bills will weigh heavily on the UK economy and consumer finances this year, contributing to the steepest fall…
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