Household energy bills to rise 5% from January 1 amid record consumer debt
1 year ago

Household energy bills to rise 5% from January 1 amid record consumer debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A £94 increase to the average household energy bill comes into effect on January 1 after Ofgem increased its price cap in response to rising wholesale prices. “Failure to avert this cold homes crisis will lead to pressure on the NHS, a mental health catastrophe and additional winter deaths caused by living in cold damp homes.” However, in a glimmer of hope for households, latest forecasts suggest the energy bills for the typical household will fall to £1,660 from the start of April, reflecting international gas prices dropping in recent weeks, and then to £1,590 from July before rising slightly to £1,640 from October next year. Ultimately, waiting and hoping that we will avoid another global incident that sends energy prices climbing is not a sustainable strategy for Government Dr Craig Lowrey, Cornwall Insight Dr Craig Lowrey, principal consultant at Cornwall Insight, said: “Current forecasts of price cap dips later in the year may offer a small light at the end of the tunnel. “Whether concerns in the Red Sea become heightened, or another potential disruption to supply occurs, there are no guarantees the price cap will not rise again.” Dr Lowrey added: “Ultimately, waiting and hoping that we will avoid another global incident that sends energy prices climbing is not a sustainable strategy for Government.

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History of this topic

What’s the UK Energy Price Cap and Why Is It Rising?
6 days, 6 hours ago

What’s the UK Energy Price Cap and Why Is It Rising?

Bloomberg  

The cost of energy is rising for UK households, with regulator Ofgem increasing the limit on how much it allows suppliers to charge. High energy prices were a big talking point during the 2024 UK election campaign. Introduced in January 2019 by Ofgem during Theresa May ’s administration, the price cap was designed to save money for consumers by setting …

Ofgem energy price cap sees bills rise for millions – what you need to know
Trending News
6 days, 12 hours ago

Ofgem energy price cap sees bills rise for millions – what you need to know

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The energy price cap increase from 1 January means millions …

How much will bills go up in 2025 – and when?
6 days, 13 hours ago

How much will bills go up in 2025 – and when?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here’s are the biggest bill rises coming in 2025: Energy bills From 1 January, …

Households urged to submit energy readings amid forecast of further rises ahead
1 week, 1 day ago

Households urged to submit energy readings amid forecast of further rises ahead

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Now is …

Take an energy meter reading by THIS date or risk overpaying on bills, households warned
1 week, 5 days ago

Take an energy meter reading by THIS date or risk overpaying on bills, households warned

Daily Mail  

Nine million households need to submit energy meter readings by 1 January to avoid overpaying on their bills, findings warn. Homes on standard variable tariffs and without a smart meter risk having some of their energy usage estimated and potentially being charged under new, higher rates, unless they submit a meter reading on or before 1 January. Meter readings: Nine …

‘Unsustainable’ prepayment meters could see households spend third of income on energy, experts warn
2 weeks, 1 day ago

‘Unsustainable’ prepayment meters could see households spend third of income on energy, experts warn

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Households on prepayment meters in the UK could see their …

Nine million households urged to act now to avoid overpaying on energy bills
2 weeks, 5 days ago

Nine million households urged to act now to avoid overpaying on energy bills

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The comparison service has urged bill payers to submit their smart meter reading in …

Govt urged to bring down electricity bills in the UK
1 month ago

Govt urged to bring down electricity bills in the UK

China Daily  

The chief of the independent body that advises the United Kingdom government on climate change has said efforts to meet green targets are being hamstrung by the high price of electricity. "We are not in the business of being policy prescriptive, but there are several things electricity markets and the government could choose to do to reduce the cost of …

Govt urged to bring down electricity bills in the UK
1 month ago

Govt urged to bring down electricity bills in the UK

China Daily  

The chief of the independent body that advises the United Kingdom government on climate change has said efforts to meet green targets are being hamstrung by the high price of electricity. "We are not in the business of being policy prescriptive, but there are several things electricity markets and the government could choose to do to reduce the cost of …

Ofgem increases price cap as winter fuel payments are withdrawn for millions
1 month, 2 weeks ago

Ofgem increases price cap as winter fuel payments are withdrawn for millions

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The energy price cap will increase in January for a …

In the bleak mid-winter, energy prices will rise – but ‘shopping around’ won’t help
1 month, 2 weeks ago

In the bleak mid-winter, energy prices will rise – but ‘shopping around’ won’t help

The Independent  

As if the announcement of yet another energy price hike wasn’t bad enough, Ofgem has added insult to injury by telling the British public to simply “shop around” for better tariffs. The energy watchdog clearly knew that it was going to take some heat by releasing the information in the midst of a cold snap, when energy bills are at …

Martin Lewis gives energy bill advice as price cap rises again
1 month, 2 weeks ago

Martin Lewis gives energy bill advice as price cap rises again

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Money expert Martin Lewis has weighed in with crucial advice …

How can I lower my energy bills and what help is there for me?
1 month, 2 weeks ago

How can I lower my energy bills and what help is there for me?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here, the PA news agency looks at why the …

Energy costs push UK inflation to 2.3 percent
1 month, 2 weeks ago

Energy costs push UK inflation to 2.3 percent

China Daily  

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

Energy bills could rise from new year in surprise hike, analysts warn
1 month, 3 weeks ago

Energy bills could rise from new year in surprise hike, analysts warn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Energy bills could rise yet …

Worried about your energy bills? Where to turn for help
2 months ago

Worried about your energy bills? Where to turn for help

The Independent  

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Ofgem energy price cap increases – what you need to know as Martin Lewis weighs in
3 months, 1 week ago

Ofgem energy price cap increases – what you need to know as Martin Lewis weighs in

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Ofgem’s energy price …

Charities concerned over limiting winter fuel payments as energy prices rise
3 months, 1 week ago

Charities concerned over limiting winter fuel payments as energy prices rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The increase in the energy …

Energy price cap predicted to fall in January in glimmer of hope for households
3 months, 1 week ago

Energy price cap predicted to fall in January in glimmer of hope for households

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Energy consultancy Cornwall Insight said it expects the typical …

Millions of households told to take action by end of the day before energy price hike
3 months, 1 week ago

Millions of households told to take action by end of the day before energy price hike

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average household energy bill is to increase by £149 …

How can I lower my energy bills and what help is there for me?
3 months, 1 week ago

How can I lower my energy bills and what help is there for me?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here, the PA news agency looks at why the …

How Winter Fuel Payments are changing - and the energy bill help alternatives available for pensioners
3 months, 4 weeks ago

How Winter Fuel Payments are changing - and the energy bill help alternatives available for pensioners

Daily Mail  

Hundreds of thousands of pensioners will lose out on Winter Fuel Payments worth up to £300 each this winter - but there is other energy bill help still available. Losing the Winter Fuel Payment is a blow to pensioners, but the good news is that other energy bill help is available for retirees. Eating or heating: Charities for the elderly …

How can I lower my energy bills and what help is there for me?
4 months, 2 weeks ago

How can I lower my energy bills and what help is there for me?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. I’d encourage people to shop around and consider fixing if …

Energy bills to increase by almost £150 after Ofgem raises price cap by 10 per cent
4 months, 2 weeks ago

Energy bills to increase by almost £150 after Ofgem raises price cap by 10 per cent

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Customers on standard variable tariffs will pay 6.24p per kWh …

Keir Starmer and Rachel Reeves face furious demand to reverse 'reckless' winter fuel payment cut for pensioners in the wake of 10% energy price cap rise with a Labour MP pleading for a U-turn to 'prot
4 months, 2 weeks ago

Keir Starmer and Rachel Reeves face furious demand to reverse 'reckless' winter fuel payment cut for pensioners in the wake of 10% energy price cap rise with a Labour MP pleading for a U-turn to 'prot

Daily Mail  

Keir Starmer and Rachel Reeves are facing fresh pressure over the decision to alter the winter fuel payment for pensioners as a Labour MP warned it could leave vulnerable old people in hospital. But following Ofgem's announcement on Friday that the energy price cap would rise by 10 per cent from October, there were calls for a U-turn. Labour backbencher …

Households urged to fix energy bills ahead of price cap rise
4 months, 2 weeks ago

Households urged to fix energy bills ahead of price cap rise

The Telegraph  

Households have been urged to consider fixing their energy bills after Ofgem said the price cap will rise by £149 this winter. The energy regulator said it will raise the price cap to £1,717 per year for an average household from October, up from £1,568 currently. “I’d also encourage people to shop around and consider fixing if there is a …

Average household energy bill to jump in coming months, experts warns
4 months, 2 weeks ago

Average household energy bill to jump in coming months, experts warns

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average household energy bill is set to rise by …

Millions of households struggle to pay energy bills despite price drop – charity
6 months ago

Millions of households struggle to pay energy bills despite price drop – charity

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. As millions of people worry about keeping up with …

Labour’s claims it will cut energy bills by £300 are ‘false’, insist Tories
6 months, 3 weeks ago

Labour’s claims it will cut energy bills by £300 are ‘false’, insist Tories

The Telegraph  

Claire Coutinho has accused Labour of misleading voters over claims its green energy plans will slash household bills by £300 a year. The criticism comes after Ed Miliband, the shadow energy secretary, claimed that a massive expansion of wind, solar and nuclear power will cut consumer bills by an average of £300 a year by 2030. However, Ms Coutinho pointed …

Gas bills could rise by £1,000 to pay for wind power
7 months, 2 weeks ago

Gas bills could rise by £1,000 to pay for wind power

The Telegraph  

Gas bills are projected to rise by around £1,000 to pay for wind power under official plans currently being considered by the Energy Secretary. Claire Coutinho received a report earlier this year that suggested moving some or all green levies from household electricity bills to gas bills, or shifting them into general taxation. A new analysis by Cadent, a gas …

Ofgem reveals price cap falls as Britons to pay less for energy bills from July
7 months, 2 weeks ago

Ofgem reveals price cap falls as Britons to pay less for energy bills from July

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ofgem’s energy price cap will fall by 7 per cent …

Average household energy bill set to fall by 7% in July, say experts
7 months, 3 weeks ago

Average household energy bill set to fall by 7% in July, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average household energy bill …

Relief for Brits as energy price cap is set to fall by 7% in July cutting annual bill for typical household to £1,574... as Jeremy Hunt says UK has 'turned a corner' with mortgage rates easing
7 months, 3 weeks ago

Relief for Brits as energy price cap is set to fall by 7% in July cutting annual bill for typical household to £1,574... as Jeremy Hunt says UK has 'turned a corner' with mortgage rates easing

Daily Mail  

Brits are set for much-needed relief with energy bills projected to fall by another 7 per cent in July. Dr Craig Lowrey, Principal Consultant at Cornwall Insight, said: 'Our projections suggest that from July, the average annual bill will fall by around £500 compared to last summer, offering further relief given the quarter-on-quarter drop seen in April. 'While the cap …

Opposition to support energy bill relief, other budget measures
7 months, 3 weeks ago

Opposition to support energy bill relief, other budget measures

ABC  

Energy relief for every household, Commonwealth rent relief, cheaper medicines and HECS debt indexation changes are expected to pass parliament, with the Coalition to support the new budget measures. A $300 energy bill credit for every household, a 10 per cent increase to Commonwealth rent assistance and capped PBS medicine prices headlined the budget on Tuesday night, all aimed at …

Federal budget 2024: Treasurer reveals $9.3b surplus while offering power bill relief, boosting rent assistance — as it happened
7 months, 3 weeks ago

Federal budget 2024: Treasurer reveals $9.3b surplus while offering power bill relief, boosting rent assistance — as it happened

ABC  

The government had been hinting for days in the lead up that energy bill assistance would likely be included again in the budget — and it's now been confirmed. All up, more than 10 million households will be getting $300 to put towards their power bills from July 1, while about 1 million eligible small businesses will get $325 to …

Energy bosses call for ‘progressive social tariff’ on bills amid price hikes
8 months ago

Energy bosses call for ‘progressive social tariff’ on bills amid price hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The bosses of Centrica and …

Households wince at the rising price of going green
8 months ago

Households wince at the rising price of going green

Live Mint  

When postal manager José Belloso put his Paris apartment up for sale this year he was required to have an inspector grade the home for energy efficiency under strict rules designed to fight climate change. The energy transition is falling “on the shoulders of the low- and mid-income-level people in a disproportionate way," said Fatih Birol, chief of the Paris-based …

Average household energy costs fall to lowest point in two years
9 months ago

Average household energy costs fall to lowest point in two years

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Energy price cap 2024: Households see bills fall as Ofgem drops energy price gap
10 months, 2 weeks ago

Energy price cap 2024: Households see bills fall as Ofgem drops energy price gap

The Independent  

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Energy bills: How are Labour and Conservatives proposing to help households?
10 months, 2 weeks ago

Energy bills: How are Labour and Conservatives proposing to help households?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The government is offering fossil fuel giants tax relief on …

Energy bills will still be high in 2035; Differences between households increasing
11 months ago

Energy bills will still be high in 2035; Differences between households increasing

NL Times  

Due to rising grid management costs, energy prices, and gas taxes, the energy bill for many households will still be high in 2035. “If making the home more sustainable is financially impossible, and they still use natural gas, vulnerable households, in particular, will be confronted with permanently high energy bills in the coming years,” the energy company said. According to …

How to reduce energy bills and keep warm this winter
11 months, 2 weeks ago

How to reduce energy bills and keep warm this winter

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The start of …

Energy bill price hike takes effect as record numbers struggle with debt
1 year ago

Energy bill price hike takes effect as record numbers struggle with debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Without additional support, it will be anything but a …

How much will YOUR energy bill go up TODAY? Use our calculator to find out how the 5% Ofgem price cap rise will affect your gas and electricity costs
1 year ago

How much will YOUR energy bill go up TODAY? Use our calculator to find out how the 5% Ofgem price cap rise will affect your gas and electricity costs

Daily Mail  

A new online calculator has revealed how much your gas and electricity bills will go up from today after Ofgem increased its price cap amid rising wholesale prices. Energy price per unit 1 October to 31 December 2023 Electricity 27.35 pence per kWh 53.37 pence daily standing charge Gas 6.89 pence per kWh 29.62 pence daily standing charge 1 January …

Households issued urgent 24-hour warning as energy bills to rise by £94
1 year ago

Households issued urgent 24-hour warning as energy bills to rise by £94

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. This means the UK government needs to take much more action to help people …

National Grid to pay people to use less energy amid cold snap
1 year, 1 month ago

National Grid to pay people to use less energy amid cold snap

The Telegraph  

Electricity suppliers will pay up to 1.4m households and businesses to limit their electricity usage on Wednesday in an effort to avoid blackouts, as freezing temperatures are expected to cause a spike in electricity demand. “These are precautionary measures to maintain the buffer of spare capacity we need.” Meanwhile, Britain’s biggest gas storage site has started releasing gas into the …

Almost half of people worried about winter energy bills, research finds
1 year, 1 month ago

Almost half of people worried about winter energy bills, research finds

The Independent  

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Fears of rising energy bills and a costly Christmas lead consumers to cut back
1 year, 2 months ago

Fears of rising energy bills and a costly Christmas lead consumers to cut back

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fears of rising energy bills and a particularly expensive Christmas …

Lower energy price cap takes effect amid concerns households will pay more
1 year, 3 months ago

Lower energy price cap takes effect amid concerns households will pay more

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A fall in Ofgem’s energy …

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