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 household’s energy bill to drop to an annual £1,697 a year from January 1 from the £1,717 cap that takes effect from October 1. There remains a further six weeks or so for the wholesale market to influence our forecasts, and while the negligible quarter-on-quarter drop is welcome, it must be remembered that bills will still remain hundreds of pounds above historic levels Craig Lowrey, Cornwall Insight Cornwall Insight’s previous forecasts since August showed a slight quarter-on-quarter rise in January. “January to March, typically some of the coldest months of the year, often bring with them the biggest energy bills and, while our latest forecast is welcome news, it remains subject to the volatile wholesale gas and electricity markets. “There remains a further six weeks or so for the wholesale market to influence our forecasts, and while the negligible quarter-on-quarter drop is welcome, it must be remembered that bills will still remain hundreds of pounds above historic levels.” Ofgem changes the price cap every three months based on several factors, the most important of which is the price of energy on wholesale markets.

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History of this topic

What’s the UK Energy Price Cap and Why Is It Rising?
1 week, 1 day 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
1 week, 1 day 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 …

Households urged to submit energy readings amid forecast of further rises ahead
1 week, 3 days 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
2 weeks, 1 day 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, 3 days 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
3 weeks, 1 day 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 …

Energy firms must offer ‘zero standing charge’ tariffs next year under Ofgem plans
4 weeks, 2 days ago

Energy firms must offer ‘zero standing charge’ tariffs next year under Ofgem plans

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 firms will be required to offer household tariffs free …

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 …

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 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 …

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 …

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 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, 3 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 …

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 …

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 …

Average household energy costs fall to lowest point in two years
9 months, 1 week 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 …

Ofgem to consider ‘time-of-use’ price cap for households
9 months, 2 weeks ago

Ofgem to consider ‘time-of-use’ price cap 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 said the price cap, along with the temporary …

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  

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: 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 …

What does Ofgem’s price cap mean for my energy bills?
10 months, 2 weeks ago

What does Ofgem’s price cap mean for my energy bills?

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. The fall reflects drops in wholesale energy prices – …

Beware locking into a fixed-rate energy deal, says Cornwall Insight
11 months, 1 week ago

Beware locking into a fixed-rate energy deal, says Cornwall Insight

Daily Mail  

Cornwall Insight says 'risk' current fixes will not translate into savings Energy industry analysts have issued a new warning about fixed-rate tariffs that come with punishing exit fees. The alert follows research which found the cheapest fixed rate energy tariff on the market is £130 a year higher than the predicted annual figure for the official price cap from April …

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 …

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 …

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 …

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 …

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn profit
1 year, 5 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 …

People told to read meters after energy prices fall
1 year, 6 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 …

Households urged to send meter readings ahead of July 1 price cap drop
1 year, 6 months ago

Households urged to send meter readings ahead of July 1 price cap drop

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 urged to …

Average household energy bill to fall by £426 from July amid Ofgem price cap cut
1 year, 7 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, 7 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, …

April dates for DWP payments, benefits, pensions and cost of living top ups
1 year, 8 months ago

April dates for DWP payments, benefits, pensions and cost of living top ups

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. “With energy bills set to fall from July onwards, this temporary change will bridge …

Council tax, energy and water bills – all of the price rises kicking in from 1 April
1 year, 9 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 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 …

Energy Secretary hints 20% energy bill hike in April WILL be ditched
1 year, 10 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 …

Ofgem lowers energy price cap but bills still expected to rise for households
1 year, 10 months 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 …

Energy bills set to eat up 10% of average salary as government support ebbs
1 year, 10 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, 11 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
2 years 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 …

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