Businesses fear energy price hike after support scheme ends
2 years, 6 months ago

Businesses fear energy price hike after support scheme ends

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 A group representing Scottish businesses has voiced concerns over sharp energy price rises after the end of a new Government scheme. “We would urge the UK Government to engage immediately with the business community to properly define the ‘vulnerable industries’ cited for support after the original six-month cap.” The Night Time Industries Association Scotland – which represents pubs, bars and nightclubs – welcomed the scheme but warned it is unlikely to save businesses which have incurred high levels of energy debt in recent months, as well as saying firms that renewed their contracts before April 1 this year will continue to struggle with “untenable” energy costs. The body also raised concerns that other costs outside of the wholesale price, such as network charges or operating costs, could be increased and impact businesses, which the spokeswoman said is “clearly not sustainable”. Meanwhile, Scottish Secretary Alister Jack said the scheme will “give much-needed certainty to Scottish businesses, schools, hospitals and other public services and is being introduced as a matter of urgency as we move into winter”.

Energy Support Businesses Scheme Cap Scottish Wholesale Price  support  cap  scottish  scheme  energy  fear  uk  hike  wholesale  price  sign  ends  businesses

History of this topic

Energy bill support will be ‘eaten up’ by price cap increase, Tories claim
Trending News
1 month ago

Energy bill support will be ‘eaten up’ by price cap increase, Tories claim

The Independent  

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Energy price cap set to rise in April, according to forecast
1 month, 1 week ago

Energy price cap set to rise in April, according to forecast

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. Craig Lowrey, principal consultant at Cornwall Insight, said: “Households have been hit hard over …

UK ‘dangerously underprepared’ for future energy crisis and price spikes, experts warn
5 months, 1 week ago

UK ‘dangerously underprepared’ for future energy crisis and price spikes, 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 The UK is “dangerously underprepared” and vulnerable to another energy …

Energy price cap predicted to fall in January in glimmer of hope for households
5 months, 4 weeks 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
5 months, 4 weeks 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 …

Labour urges energy firms to support awareness campaign for winter bills help
7 months ago

Labour urges energy firms to support awareness campaign for winter bills help

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 Government is planning to …

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
7 months 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 …

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
10 months, 1 week 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 …

Scottish Power to pay £1.5 million for overcharging customers
11 months, 1 week ago

Scottish Power to pay £1.5 million for overcharging customers

The Independent  

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Energy bill price hike takes effect as record numbers struggle with debt
1 year, 2 months 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 …

Households issued urgent 24-hour warning as energy bills to rise by £94
1 year, 2 months 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 …

Almost half of people worried about winter energy bills, research finds
1 year, 4 months ago

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

The Independent  

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E.On reaffirms plan to pass on lower power and gas costs to customers
1 year, 7 months ago

E.On reaffirms plan to pass on lower power and gas costs to customers

Daily Mail  

E.On has reiterated plans to pass on lower power and gas costs to millions of its customers, weighing on profits this year. The group, which is Europe's biggest operator of energy networks, said the market environment for its business was improving following last year's energy crisis, sounding a more optimistic tone about the months ahead. Customer bills: E.On has reiterated …

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn profit
1 year, 7 months ago

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn profit

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 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. Simon Francis, coordinator of the …

Sunak urged to drop ‘unpopular’ and ‘expensive’ green pledges ahead of election
1 year, 8 months ago

Sunak urged to drop ‘unpopular’ and ‘expensive’ green pledges ahead of election

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Prime Minister is being urged by the right of the Conservative Party to drop …

Council tax, energy and water bills – all of the price rises kicking in from 1 April
1 year, 11 months ago

Council tax, energy and water bills – all of the price rises kicking in from 1 April

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. Even dual-income families with above average earnings will now be drawn into the struggle …

Households ‘not out of the woods yet’ despite Energy Price Guarantee extension
2 years ago

Households ‘not out of the woods yet’ despite Energy Price Guarantee extension

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 are still facing a £67-a-month energy bill increase from …

Energy firms ‘expect government’s bills support to continue in April’
2 years ago

Energy firms ‘expect government’s bills support to continue in April’

The Independent  

Some energy firms are planning to amend customer’s bills in anticipation that the government will keep support at or near current levels, according to reports. Typical household energy bills are set to rise to £3,000 a year from April, but calls have been made for the government to retain its current level of support so they stay at £2,500 for …

Why the energy price cap drop does not mean bills are going down
2 years ago

Why the energy price cap drop does not mean bills are going down

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. New prime minister Liz Truss announced in September that, despite the opposition to “handouts” …

Martin Lewis urges government to avoid an ‘act of mental health harm’ over energy price cap
2 years ago

Martin Lewis urges government to avoid an ‘act of mental health harm’ over energy price cap

The Independent  

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Energy suppliers need to be ‘ready’ to pass on cuts to consumers – Shapps
2 years ago

Energy suppliers need to be ‘ready’ to pass on cuts to consumers – Shapps

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 Energy suppliers “must be ready” to pass on cuts to …

Ofgem lowers energy price cap but bills still expected to rise for households
2 years, 1 month ago

Ofgem lowers energy price cap but bills still expected to rise 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. Ofgem chief executive Jonathan Brearley said: “Although wholesale prices …

‘Worrying picture’ for retail and tourism services over price rises – survey
2 years, 2 months ago

‘Worrying picture’ for retail and tourism services over price rises – survey

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. He said as relief packages come to an end, such as the UK Government’s …

The government’s decision to slash energy bills support risks stoking inflation
2 years, 2 months ago

The government’s decision to slash energy bills support risks stoking inflation

The Independent  

Since the onset of Covid, we’ve lost half a million small firms. Allowing more well-run businesses to go under creates a false economy – and the government’s absurd and out of touch decision to slash energy support is taking us one step closer to this nightmare. But our research shows that, if we face continuing high energy prices, a quarter …

Energy bill support cut for businesses as minister insists existing spending ‘unsustainable’
2 years, 2 months ago

Energy bill support cut for businesses as minister insists existing spending ‘unsustainable’

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 Government energy bill support for …

How you can get paid for using appliances at off-peak times
2 years, 3 months ago

How you can get paid for using appliances at off-peak times

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 People in Britain will be given money back on their …

How you can get paid for using appliances at off-peak times
2 years, 3 months ago

How you can get paid for using appliances at off-peak times

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 People in Britain will be given money back on their …

Crisis? What crisis? Ofgem CEO delivers mixed messages on energy supply
2 years, 5 months ago

Crisis? What crisis? Ofgem CEO delivers mixed messages on energy supply

The Independent  

The government might have refused to embark on a public information campaign to help people cut their energy consumption because Liz Truss thinks that would be the “nanny state” in operation, but others are at least going to give it a go. “It is important to remember that the energy price guarantee still means that a typical household will be …

UK government caps energy bills for businesses for 6 months
2 years, 6 months ago

UK government caps energy bills for businesses for 6 months

Associated Press  

LONDON — Britain’s government said Wednesday it will cap wholesale energy bills for businesses this winter to ensure companies don’t go bust amid soaring energy prices. Authorities said the government will pick up nearly half of all business energy bills for six months starting Oct. 1 to ensure companies “are able to get through this winter.” “We’re going to review …

Businesses await details of support to cope with soaring energy bills
2 years, 6 months ago

Businesses await details of support to cope with soaring energy bills

The Independent  

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Energy bills bailout for businesses unlikely before November but will be ‘backdated’
2 years, 6 months ago

Energy bills bailout for businesses unlikely before November but will be ‘backdated’

The Independent  

A promised bailout for businesses from rocketing energy bills is unlikely to be ready until November, No 10 has admitted – but the help will then be backdated to October. But the prime minister’s spokesperson said: “We will provide the support to cover their October bills and that support will be backdated as required.” He also told anxious businesses that …

Martin Lewis reveals lifeline for households following Liz Truss energy support
2 years, 6 months ago

Martin Lewis reveals lifeline for households following Liz Truss energy support

The Independent  

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Energy bills plan will rein in soaring inflation, but come at a ‘massive’ cost
2 years, 6 months ago

Energy bills plan will rein in soaring inflation, but come at a ‘massive’ cost

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 Prime Minister’s plan to …

What is in Liz Truss’s emergency energy package, at a glance
2 years, 6 months ago

What is in Liz Truss’s emergency energy package, at a glance

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 Liz Truss has set out …

Leak reveals staggering profits ahead for energy companies
2 years, 6 months ago

Leak reveals staggering profits ahead for energy companies

The Independent  

Britain’s big gas producers and electricity generators are said to be in line to make excess profits of up to £170bn over the next two years. Profits in the energy sector are under intense scrutiny amid the deepening cost of living crisis, with one leading forecast warning that inflation could spiral to 22 per cent next year. Tory leadership candidates …

Ovo founder unveils energy crisis plan and calls for urgent action
2 years, 6 months ago

Ovo founder unveils energy crisis plan and calls for urgent action

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 founder of gas and electricity supplier Ovo Energy has …

Price cap experts cut forecasts as wholesale costs fall, but warn worse to come
2 years, 6 months ago

Price cap experts cut forecasts as wholesale costs fall, but warn worse to come

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 Households have been given a …

Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar
2 years, 6 months ago

Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar

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 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. Liberal Democrat MP Christine Jardine …

Campaign group to sue Ofgem over ‘devastating’ energy price cap hike
2 years, 7 months ago

Campaign group to sue Ofgem over ‘devastating’ energy price cap 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 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 A pressure group has said it is to sue energy …

Chancellor urges public to cut back on energy use as bills crisis mounts
2 years, 7 months ago

Chancellor urges public to cut back on energy use as bills crisis mounts

The Independent  

The chancellor has urged the public to cut back on their energy use as the crisis over household bills mounts, with analysts predicting they could surge to £10,000 a year and campaigners warning lives will be lost. Nadhim Zahawi said he was working “flat out” to ensure the next prime minister would be able to offer help to those who …

Fears Britons will disconnect their own gas and electrics over soaring energy bills
2 years, 7 months ago

Fears Britons will disconnect their own gas and electrics over soaring energy bills

The Independent  

Thousands of Britons struggling to pay their energy bills could resort to disconnecting their gas and electricity supplies if further support is not made available to cover the soaring cost of living, a government adviser has warned. If so email matt.mathers@independent.co.uk Ms Flint, the former Labour MP for Don Valley in South Yorkshire, told BBC Radio 4 Today that the …

Public should cut back on energy use, says chancellor in government U-turn
2 years, 7 months ago

Public should cut back on energy use, says chancellor in government U-turn

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Adam Bell, the former head of energy strategy for the government, predicted a 10 per …

Energy price cap to soar by 80% as Government urged ‘match scale of the crisis’
2 years, 7 months ago

Energy price cap to soar by 80% as Government urged ‘match scale of the crisis’

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. Ofgem’s chief executive Jonathan Brearley urged the incoming prime …

Energy price hike will ‘cost lives’ and leave children hungry, charities warn
2 years, 7 months ago

Energy price hike will ‘cost lives’ and leave children hungry, charities warn

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “More help is desperately needed for poorest or people will die this winter due to …

Households brace for bills to soar further as energy price cap set to top £3,500
2 years, 7 months ago

Households brace for bills to soar further as energy price cap set to top £3,500

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Millions of UK households are bracing for a huge rise in …

PM urged to act ‘decisively and urgently’ as energy price cap jumps to £3,549
2 years, 7 months ago

PM urged to act ‘decisively and urgently’ as energy price cap jumps to £3,549

The Telegraph  

Ms Truss, the frontrunner to become PM, has promised tax cuts to bolster households being battered by the highest inflation for 40 years but allies hint that more direct support is likely. A spokesman for Liz Truss’s campaign said she would “immediately take action to put more money back in people’s pockets by cutting taxes and suspending green energy tariffs”. …

UK sees 80-percent energy price hike amid cost-of-living crisis
2 years, 7 months ago

UK sees 80-percent energy price hike amid cost-of-living crisis

Al Jazeera  

Regulator Ofgem says its energy price cap will nearly double in October, worsening the country’s cost-of-living crisis. “We know the massive impact this price cap increase will have on households across Britain and the difficult decisions consumers will now have to make,” said Ofgem boss Jonathan Brearley. French energy giant EDF has urged the government to double its energy support …

UK household energy bills to soar by 80% in October
2 years, 7 months ago

UK household energy bills to soar by 80% in October

CNN  

British energy bills will rise 80% to an average of £3,549 a year from October, regulator Ofgem said on Friday, calling it a “crisis” that needed to be tackled by urgent and decisive government action. Ofgem CEO Jonathan Brearley said the rise would have a “massive impact” on households across Britain, and another increase was likely in January, reflecting significant …

When is the energy price cap announcement?
2 years, 7 months ago

When is the energy price cap announcement?

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, the UK …

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