Energy bills will rise sharply when government’s price cap expires
2 years, 1 month ago

Energy bills will rise sharply when government’s price cap expires

NL Times  

The average gas and electricity bill will increase by some 2,500 euros in 2024, according to the homeowners’ association VEH. The spike is due to the government’s energy price cap expiring, combined with significantly higher energy taxes, VEH director Cindy Kremer said to the Telegraaf. “We call on the Cabinet to prevent the energy bill from becoming unaffordable for many households after next year with additional policy,” Kremer said. Otherwise, residents run the risk of being walloped by high energy rates and taxes after next year.” VEH sounds the alarm because, according to the association, many people think the government’s measures will indefinitely help them. VEH also assumes energy prices will remain high, resulting in the average energy bill increasing by 2,500 euros in one fell swoop once the price cap expires at the end of 2023.

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History of this topic

Ofgem increases price cap as winter fuel payments are withdrawn for millions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Ofgem increases price cap as winter fuel payments are withdrawn for millions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

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

Ofgem energy price cap increases – what you need to know as Martin Lewis weighs in
2 months, 3 weeks 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 …

Energy price cap predicted to fall in January in glimmer of hope for households
2 months, 3 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
2 months, 3 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 …

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

Households urged to fix energy bills ahead of price cap rise
4 months 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 …

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

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, 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 …

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

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

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 }} Households will see …

Energy bills will still be high in 2035; Differences between households increasing
10 months, 2 weeks 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 …

Energy bill price hike takes effect as record numbers struggle with debt
11 months, 3 weeks 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
11 months, 3 weeks 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 …

Lower energy price cap takes effect amid concerns households will pay more
1 year, 2 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 …

Energy bills expected to fall £150 a year from October
1 year, 4 months ago

Energy bills expected to fall £150 a year from October

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 amount that an average …

People told to read meters after energy prices fall
1 year, 5 months ago

People told to read meters after energy prices fall

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 People across Great Britain have …

Average household energy bill to fall by £426 from July amid Ofgem price cap cut
1 year, 6 months ago

Average household energy bill to fall by £426 from July amid Ofgem price cap cut

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. At its peak, the price cap reached £4,279 and, …

Household energy bills to fall from July after cut to Ofgem’s price cap
1 year, 6 months ago

Household energy bills to fall from July after cut to Ofgem’s price cap

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. At its peak, the price cap reached £4,279 and, …

Households with prepayment meters won't pay more than direct debit
1 year, 9 months ago

Households with prepayment meters won't pay more than direct debit

Daily Mail  

Households with prepayment meters for gas and electricity will get help to ensure they are charged no more than those who pay via direct debit. Chancellor Jeremy Hunt said: 'Ofgem has already agreed with suppliers a temporary suspension to forced installations of prepayment meters' Households with prepayment meters for gas and electricity will get help to ensure they are charged …

Inflation to remain high, economic growth will slow down, economists say
1 year, 9 months ago

Inflation to remain high, economic growth will slow down, economists say

NL Times  

Inflation in the Netherlands will remain stubbornly high, Rabobank economists noted in a new report about the Dutch economy. The economists said their forecasts are subject to uncertainty as “it is difficult to predict oil, gas, and electricity prices due to their volatility, and we cannot know for certain whether the government will support households and businesses next year, and …

Energy Secretary hints 20% energy bill hike in April WILL be ditched
1 year, 9 months ago

Energy Secretary hints 20% energy bill hike in April WILL be ditched

Daily Mail  

Grant Shapps has hinted there could be further help for consumers struggling with large utility bills ahead of another increase expected next month. The Energy Secretary said he was 'sympathetic' to calls for more state aid with families staring at a 20 per cent increase in average bills. Energy regulator Ofgem is lowering its energy price cap from the current …

Energy bills set to eat up 10% of average salary as government support ebbs
1 year, 9 months ago

Energy bills set to eat up 10% of average salary as government support ebbs

The Independent  

Energy bills will account for up to 10 per cent of the average salary from April, new research from the TUC suggests, as analysts warned that households won’t see the benefit of falling wholesale prices until at least July. TUC general secretary Paul Nowak said: “The government must cancel its imminent hike in household energy bills at next month’s budget. …

Energy price cap: When will bills fall and by how much?
1 year, 10 months ago

Energy price cap: When will bills fall and by how much?

Daily Mail  

Here is everything you need to know about the future of energy bill pricing Here is everything you need to know about the future of energy bill pricing But the major savings will come if providers bring back cheap fixed-rate deals Households will save £426 a year on their energy bills from this summer, regulator Ofgem says, offering hope to …

Energy bills forecast to fall further as gas prices tumble
1 year, 11 months ago

Energy bills forecast to fall further as gas prices tumble

The Telegraph  

Energy bill forecasts have been cut for the second time in two weeks in a boost to households and the government. Investec now expects the price cap on energy bills to fall to £3,317 in April, then £2,478 in July and £2,546 in October. It indicates that the price cap will fall below the £3,000 level from April of the …

Households heading for £500 energy bill boost
1 year, 11 months ago

Households heading for £500 energy bill boost

The Telegraph  

Households are on course to pay hundreds of pounds less than feared for energy after gas prices dropped to their lowest levels since before Russia’s invasion of Ukraine. Analysts at Investec forecast that the energy price cap, which dictates what suppliers can charge for gas and electricity, will be as low as £2,600 per year from July. But Mr Young …

Huge energy bills could persist until 2030, experts warn
1 year, 11 months ago

Huge energy bills could persist until 2030, experts warn

The Independent  

Sky-high energy bills are not a “single winter” problem and could persist up until 2030, an industry expert has warned. “Gas prices in the UK are projected to continue to be impacted as the country’s heavy reliance on imported gas sees it vulnerable to global rises,” he said. “Our long-term forecasts indicate gas prices are likely to remain high up …

Everything you need to know about energy price cap after November rise
2 years ago

Everything you need to know about energy price cap after November rise

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 From 1 January the energy price cap will rise to …

Martin Lewis explains how energy price cap will affect customers
2 years, 1 month ago

Martin Lewis explains how energy price cap will affect customers

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. Martin Lewis, founder of the Money Saving Expert website, said January’s changes were “mostly …

Timeline of energy cap increases as bills surge by 80% in six months
2 years, 1 month ago

Timeline of energy cap increases as bills surge by 80% in six months

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. But new PM Rishi Sunak has announced plans to rise the energy price cap …

Millions of Britons face £900 energy bill hike in April as cap ends
2 years, 1 month ago

Millions of Britons face £900 energy bill hike in April as cap ends

Daily Mail  

Millions of households face a cost of living crunch in April with average energy bills rising by £900 as the government's cap ends - and council tax almost certain to soar. Rishi Sunak said there was no option about 'putting our public finances on a sustainable trajectory', suggesting that otherwise there would be a repeat of the market meltdown that …

UK government caps energy bills for businesses for 6 months
2 years, 3 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 …

Energy bills to be partly capped from November in government U-turn
2 years, 3 months ago

Energy bills to be partly capped from November in government U-turn

Dutch News  

The government has agreed a deal with energy companies to limit prices from November, weeks after insisting it would be unable to help households this year. Jetten said last week that ‘no household in the Netherlands should be left in the cold this winter.’ Rebates and benefits Prime minister Mark Rutte said at his press conference last week that any …

Energy bills to be partly capped from November in government U-turn
2 years, 3 months ago

Energy bills to be partly capped from November in government U-turn

Dutch News  

The government has agreed a deal with energy companies to limit prices from November, weeks after insisting it would be unable to help households this year. Jetten said last week that ‘no household in the Netherlands should be left in the cold this winter.’ Rebates and benefits Prime minister Mark Rutte said at his press conference last week that any …

Energy bill talks continue and a price cap is up for discussion, minister confirms
2 years, 3 months ago

Energy bill talks continue and a price cap is up for discussion, minister confirms

Dutch News  

Ministers are currently in talks with energy companies about measures to keep bills affordable and that could include a price cap, climate minister Rob Jetten told MPs during a debate on Thursday evening. A price cap is just one of the ideas on the table and ‘we do not have the luxury of being able to exclude some measures’, Jetten …

Energy bill talks continue and a price cap is up for discussion, minister confirms
2 years, 3 months ago

Energy bill talks continue and a price cap is up for discussion, minister confirms

Dutch News  

Ministers are currently in talks with energy companies about measures to keep bills affordable and that could include a price cap, climate minister Rob Jetten told MPs during a debate on Thursday evening. A price cap is just one of the ideas on the table and ‘we do not have the luxury of being able to exclude some measures’, Jetten …

Why Europe’s energy prices are spiraling out of control
2 years, 3 months ago

Why Europe’s energy prices are spiraling out of control

Al Jazeera  

As the price of electricity skyrockets, people in the UK and EU are trying to find ways to cope. Halla Mohieddeen: Whether it’s in the UK, where wide swathes of people wonder if they can pay their bills Newsreel: An enormous number of families up and down the country in food and fuel poverty. So we’ve got, we’ve got, we’ll …

Explained | U.K. Prime Minister Liz Truss’s new energy policy to limit bills
2 years, 3 months ago

Explained | U.K. Prime Minister Liz Truss’s new energy policy to limit bills

The Hindu  

The story so far: Newly-appointed U.K. Prime Minister Liz Truss unveiled her energy plans for the country on Thursday amid rising inflation and growing concerns for a crisis in Europe as a fallout of the Russia-Ukraine war. Under the “two-year energy price guarantee”, typical household energy bills will be an average of £2,500 a year for heating and electricity, Prime …

European Union ministers fast-track 'unprecedented' measures to solve energy price shock
2 years, 3 months ago

European Union ministers fast-track 'unprecedented' measures to solve energy price shock

Firstpost  

Moscow’s invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty, with all eyes on whether Russian President Vladimir Putin will cut off the flow entirely Brussels, Belgium: The EU executive pledged Friday to come up with unprecedented measures in the coming days to solve an energy price shock triggered by Russia’s …

Liz Truss caps energy bills until 2024
2 years, 3 months ago

Liz Truss caps energy bills until 2024

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. “That would undermine the national interest by undermining the very …

Energy bills plan will rein in soaring inflation, but come at a ‘massive’ cost
2 years, 3 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 …

Austria announces price cap to curb rising power prices
2 years, 3 months ago

Austria announces price cap to curb rising power prices

Associated Press  

BERLIN — The Austrian government on Wednesday announced plans for a power price cap to curb the rise in energy costs tied to Russia’s war in Ukraine. The cost-relief plan comes at a time when Austria and other European countries are struggling to contain an energy crisis and rising prices as Russia has throttled back supplies of natural gas. The …

Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar
2 years, 3 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 …

Ofgem confirms energy price cap will soar to £3,549 from October in 80% rise
2 years, 3 months ago

Ofgem confirms energy price cap will soar to £3,549 from October in 80% rise

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 UK’s energy …

Energy price cap to soar by 80% as Government urged ‘match scale of the crisis’
2 years, 3 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 …

UK energy bills are skyrocketing. Why is it happening?
2 years, 3 months ago

UK energy bills are skyrocketing. Why is it happening?

Associated Press  

LONDON — A cost-of-living crisis in Britain is about to get worse, with millions of people paying about 80% more a year on their household energy bills starting in October. Under the revised price cap announced Friday, average household energy bills will jump to 3,549 pounds a year starting Oct. 1. Shrinking supplies, higher demand and fears of a complete …

PM urged to act ‘decisively and urgently’ as energy price cap jumps to £3,549
2 years, 3 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”. …

6m households to have savings wiped out after energy price cap surge
2 years, 3 months ago

6m households to have savings wiped out after energy price cap surge

The Telegraph  

Around 6m British households will have their savings wiped out completely after the latest surge in the energy price cap, economists have warned. The National Institute of Economic and Social Research said around 2.2m additional households will run out of savings by April 2024 after Ofgem confirmed the average energy bill will jump to £3,549 in October. The Joseph Rowntree …

When is the energy price cap announcement?
2 years, 3 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 …

Next PM to unveil help for households within days as energy price cap surges to £3,500
2 years, 3 months ago

Next PM to unveil help for households within days as energy price cap surges to £3,500

The Telegraph  

Boris Johnson said on Thursday during a surprise visit to Kyiv that while Britain was “paying in our energy bills for the evils of Vladimir Putin, the people of Ukraine are paying in their blood”. We can't let him use energy as a weapon to divide us.” Options for the next Prime Minister to ease the crisis include cutting green …

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