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…
Continue ReadingOctopus Energy Sets Tariff for Existing Customers £50 Below Price Cap
Written by Lauren Smith in Energy Suppliers
Octopus Energy has become the first supplier to set prices for existing customers below the level of the energy price cap.
Continue ReadingEDF and Scottish Power are the first energy suppliers to confirm price hikes this spring in line with the adjusted price cap, but…
Continue ReadingEnergy Bills to Rise by £693 from April But Most Households Will Get £350 in Government Help
Written by Lauren Smith in Government Policy Household & Bills
Household energy bills will rise by 54% to an average of £1,971 per year from 1 April as Ofgem adjust the price cap…
Continue ReadingMillions of households will face a further punishing hike in their gas and electricity bills in October, with the latest projections suggesting the…
Continue ReadingOfgem to Review Energy Price Cap and Scrutinise Suppliers’ Business Models
Written by Lauren Smith in Energy Suppliers
Ofgem announced it will consult on the way the energy price cap is calculated, amid a surge in wholesale gas and electricity prices…
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