Energy bills to rise 14 times faster than wages as cost of living surges, TUC says
2 years, 9 months ago

Energy bills to rise 14 times faster than wages as cost of living surges, TUC says

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 bills are due to increase 14 times faster than average weekly wages, new research by the Trades Union Congress has suggested. The increase in the energy price cap next month means the average household will pay £1,971 for their gas and electricity for the year, according to Ofgem calculations- an increase of £693. open image in gallery Higher gas prices are likely to hit consumers hard from the start of April Food and non-alcoholic drink prices were up by 4.2 per cent in the year to December 2021 and due to Russia’s invasion of Ukraine, food and fuel prices are expected to increase even more. To help ease the pressure that will come with the rise in bills, Chancellor Rishi Sunak announced several initiatives including a £150 council tax rebate, warming homes discount and an energy bills rebate loan whereby the government will give an upfront £200 discount to all domestic energy customers from October.

Energy Prices Increase Bills Energy Bills Surges Tuc  cent  surges  tuc  tax  wages  energy  gas  cost  bills  sign  rise  increase  prices  faster  times  living

History of this topic

What’s the UK Energy Price Cap and Why Is It Rising?
1 week 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 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?
1 week 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, 2 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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

High gas prices push up inflation, but prices overall are slowly moving in the right direction
1 year, 3 months ago

High gas prices push up inflation, but prices overall are slowly moving in the right direction

Associated Press  

WASHINGTON — Inflation jumped last month largely because of a spike in gas prices but other costs rose more slowly, suggesting price pressures are easing at a gradual pace. Wednesday’s figures keep the prospect of another rate increase later this year on the table, however, perhaps at its November or December meetings, economists said, because core prices ticked up a …

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, 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 …

Inflation is easing but prices for goods we have to buy are still astronomical
1 year, 8 months ago

Inflation is easing but prices for goods we have to buy are still astronomical

ABC  

On the surface, it's good news. Rents keep rising Rental prices have just recorded their largest annual rise since 2010, reflecting strong demand amid low vacancy rates across the country. It says the annual rise in gas prices of 26.2 per cent is the largest on record. It says higher wholesale electricity prices have also impacted household electricity bills, with …

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 …

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 …

Huge energy bills could persist until 2030, experts warn
2 years 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 …

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 …

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 …

Energy bills plan will rein in soaring inflation, but come at a ‘massive’ cost
2 years, 4 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 …

UK faces social ‘catastrophe’ and surge in poverty after energy bills soar 80%
2 years, 4 months ago

UK faces social ‘catastrophe’ and surge in poverty after energy bills soar 80%

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. “With the price cap very likely to increase significantly …

UK energy bills are skyrocketing. Why is it happening?
2 years, 4 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 …

Households brace for bills to soar further as energy price cap set to top £3,500
2 years, 4 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 …

Gas and electricity bills 'to hit £5,300 by April' as Octopus Energy boss calls for price cap freeze
2 years, 4 months ago

Gas and electricity bills 'to hit £5,300 by April' as Octopus Energy boss calls for price cap freeze

Daily Mail  

Gas and electricity bills are expected to hit £5,300 when next April's price cap is announced, piling further misery onto Britons as inflation keeps climbing. The figure for January's cap is expected to be £4,649.72 Consumer Price Index inflation, which is the increase in how much people pay for goods and services, is set to reach 18 per cent in …

Energy bills to hit £4,266 in January after Ofgem changes price cap rules
2 years, 5 months ago

Energy bills to hit £4,266 in January after Ofgem changes price cap rules

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. "While our price cap forecasts have been steadily rising …

Energy price cap to rise by £300 more than feared, analysts warn
2 years, 6 months ago

Energy price cap to rise by £300 more than feared, analysts warn

The Telegraph  

Energy bills are set to climb above £3,300 next year as the worst cost of living squeeze in a generation shows no sign of slowing, writes Rachel Millard. The price cap is now reviewed quarterly and the October level will not be fixed until next month, but Cornwall warned “we are unlikely to see any significant decrease to these predictions”. …

Nine in 10 people hit by rising living costs as fuel, food and energy prices surge
2 years, 6 months ago

Nine in 10 people hit by rising living costs as fuel, food and energy prices surge

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. Some 45 per cent of …

Household energy bills to pass £3,000
2 years, 6 months ago

Household energy bills to pass £3,000

The Telegraph  

Household energy bills are on track to pass £3,000 for the first time ever, deepening the cost of living crisis for millions. The price cap on annual bills will hit £2,980 when it is next reset in October, before rising to £3,003.20 in January, according to predictions by energy consultancy Cornwall Insight. The price cap stood at £1,278 in October …

How does rising inflation impact your finances?
2 years, 7 months ago

How does rising inflation impact your finances?

The Independent  

Inflation has surged to 9 per cent – the highest in 40 years. The energy price cap, which sets the maximum rate most people pay for their domestic electric and gas, rose 12 per cent in October last year and 54 per cent in April this year. The latest official data shows food prices rose 5.9 per cent in the …

From energy to travel: The 8 biggest price hikes as cost of living rises
2 years, 9 months ago

From energy to travel: The 8 biggest price hikes as cost of living rises

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Households ‘stretched to brink’ even before bills rise as real pay drops
2 years, 9 months ago

Households ‘stretched to brink’ even before bills rise as real pay drops

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 are already …

US inflation soared 7.9% in past year, a fresh 40-year high
2 years, 9 months ago

US inflation soared 7.9% in past year, a fresh 40-year high

Associated Press  

WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come. “I hope I’m not wrong.” Energy prices, which soared after Russia’s invasion of Ukraine, jumped again this week after Biden said the United States would …

Energy bills for 22 million homes could rise again this summer under new Ofgem powers
2 years, 11 months ago

Energy bills for 22 million homes could rise again this summer under new Ofgem powers

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 }} Energy bills for …

UK households hit by record rise in energy bills as price cap jumps to £1,971
2 years, 11 months ago

UK households hit by record rise in energy bills as price cap jumps to £1,971

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 Millions of UK households will …

Majority of over-65s are worried about paying heating bills, charity says
2 years, 11 months ago

Majority of over-65s are worried about paying heating bills, charity says

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. Predictions from the energy sector suggest that bills could go …

Discover Related