Liz Truss vows ‘never again’ on exorbitant energy bills
2 years, 3 months ago

Liz Truss vows ‘never again’ on exorbitant energy bills

The Telegraph  

Britons must never again be forced to pay exorbitant energy bills, Liz Truss will declare on Thursday as she promises more North Sea drilling and ditches the fracking ban. Annual energy bills will be frozen at around £2,500 for the average household both this winter and next, and green levies will be scrapped. “Putin’s war in Ukraine and weaponisation of gas supply in Europe is causing global prices to rise – and this has only made clearer that we must boost our long-term energy security and supply. “We will take action immediately to help people and businesses with bills but also take decisive action to tackle the root cause of these problems so that we are not in this position again.” A Number 10 source said Ms Truss wanted to “revolutionise energy supply” in Britain so the soaring bills being seen would never be repeated.

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Ofgem increases price cap as winter fuel payments are withdrawn for millions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Ofgem increases price cap as winter fuel payments are withdrawn for millions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

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

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

The Independent  

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

GB Energy should treat cutting bills by £300 as a priority, say Tories
1 month, 3 weeks ago

GB Energy should treat cutting bills by £300 as a priority, say Tories

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 Sir Keir Starmer’s pledge to …

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 …

£8.3 billion GB Energy plan will shield consumers from shocks, Miliband says
3 months, 2 weeks ago

£8.3 billion GB Energy plan will shield consumers from shocks, Miliband 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 Labour’s flagship GB Energy company will shield consumers from international …

Liz Truss wanted to sign eye-watering energy deal that would have cost bill-payers £30bn extra
3 months, 3 weeks ago

Liz Truss wanted to sign eye-watering energy deal that would have cost bill-payers £30bn extra

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. Please try again later {{ /verifyErrors }} Liz Truss had …

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 …

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 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 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 …

Reeves to reiterate Labour pledge to cut down energy bills
6 months ago

Reeves to reiterate Labour pledge to cut down 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. Read our privacy policy A Labour government would help …

Labour’s claims it will cut energy bills by £300 are ‘false’, insist Tories
6 months, 1 week 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 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: How are Labour and Conservatives proposing to help households?
10 months ago

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

The Independent  

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

Energy 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 …

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, 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, …

Net zero could push energy bills up by £120 a year
1 year, 7 months ago

Net zero could push energy bills up by £120 a year

The Telegraph  

Sir John Redwood, a former policy chief under Margaret Thatcher, added: “The last thing we want is another government-imposed hike in the price of energy. “It would be unfair to ask households that won't benefit from hydrogen directly to pay for it,” said Jack Richardson, head of energy and climate at Onward. Energy Bill 'seeks to make people cold and …

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 …

Hunt’s energy discount for firms: the cliff edge still looms even if it isn’t as steep
1 year, 11 months ago

Hunt’s energy discount for firms: the cliff edge still looms even if it isn’t as steep

The Independent  

The £13bn question facing Jeremy Hunt’s new energy bills discount scheme is this: can it survive a second spike in bills? The current scheme, which runs to April, caps unit energy prices at a cost to the taxpayer of £18bn, which Hunt has argued is unsustainable. However, it is worth remembering that public-sector bodies, such as schools and hospitals, along …

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 …

Huge problem with Anthony Albanese's energy plan
2 years ago

Huge problem with Anthony Albanese's energy plan

Daily Mail  

Power bill blowouts will be eased dramatically after federal parliament agreed to impose a year-long price cap on coal and gas in a bid to keep households $230 better off than they otherwise would have been. But it's come with a warning that Australians will still face higher power bills, but the government's emergency package - including an unprecedented market …

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 …

Liz Truss defends controversial tax cuts as pound plummets
2 years, 3 months ago

Liz Truss defends controversial tax cuts as pound plummets

CNN  

London CNN — Liz Truss has defended her government’s controversial announcement to cut taxes for citizens and businesses in an exclusive interview with CNN’s Jake Tapper. Truss told Tapper that by cutting taxes, her government was “incentivizing businesses to invest and we’re also helping ordinary people with their taxes.” While the cuts were expected, critics warn that they will be …

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 …

We don’t know how much Liz Truss’s energy bills freeze will cost, admits Treasury
2 years, 3 months ago

We don’t know how much Liz Truss’s energy bills freeze will cost, admits Treasury

The Telegraph  

The Treasury will effectively admit it does not know how much the energy price freeze will cost the taxpayer next week when a tax-cutting plan for growth is revealed. It is widely expected to announce the reversal of the 1.25 percentage point National Insurance increase and cancellation of the corporation tax rise, two flagship campaign promises. New Business Secretary Jacob …

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 …

Why Liz Truss’s big fracking plan will not cut energy bills
2 years, 3 months ago

Why Liz Truss’s big fracking plan will not cut energy bills

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 "In Liz we Truss", read the supportive placards during the new prime minister’s leadership campaign …

UK to cap energy prices, end fracking ban to ease crisis
2 years, 3 months ago

UK to cap energy prices, end fracking ban to ease crisis

Associated Press  

LONDON — New British Prime Minister Liz Truss announced Thursday that her Conservative government will cap domestic energy prices for homes and businesses to ease a cost-of-living crisis that has left residents across the United Kingdom facing a bleak winter. In her energy statement, Truss said “we are supporting this country through this winter and next and tackling the root …

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 …

U.K. government to cap domestic energy prices, Truss announces
2 years, 3 months ago

U.K. government to cap domestic energy prices, Truss announces

The Hindu  

British Prime Minister Liz Truss said Thursday that her government will cap domestic energy prices for homes and businesses to ease a cost-of-living crisis that has left people and businesses across the U.K. facing a bleak winter. Ms. Truss told lawmakers in Parliament that the two-year “energy price guarantee” means average household bills will be no more than 2,500 pounds …

Key points: Liz Truss reveals plan to tackle energy crisis
2 years, 3 months ago

Key points: Liz Truss reveals plan to tackle energy crisis

The Telegraph  

Liz Truss has announced her long-awaited plan to tackle the energy crisis. Together with the £400 energy bills discount already announced for all households, this will mean bills will be close to where the current energy price cap stands. Liz Truss: 'I'm ending this once and for all' Liz Truss said: "Decades of short-term thinking on energy has failed to …

Truss caps domestic fuel bills to tackle UK cost-of-living crisis
2 years, 3 months ago

Truss caps domestic fuel bills to tackle UK cost-of-living crisis

Al Jazeera  

The new UK government also lifts a ban on fracking and allows more drilling licences for North Sea oil and gas. British Prime Minister Liz Truss has said domestic fuel bills will be frozen for two years, marking her first week in office with a costly plan to tackle the country’s cost-of-living crisis. The government expects the state-backed scheme to …

Britain to cap domestic energy prices, end fracking ban to tackle energy crisis
2 years, 3 months ago

Britain to cap domestic energy prices, end fracking ban to tackle energy crisis

LA Times  

New British Prime Minister Liz Truss delivers an address outside 10 Downing St. in London on Tuesday. New British Prime Minister Liz Truss said Thursday that her government will cap domestic energy prices for homes and businesses to ease a cost-of-living crisis that has left people and businesses across the U.K. facing a bleak winter. Truss, who just took office …

Warning 1.3 million Britons will be pushed into poverty even with energy bill freeze
2 years, 3 months ago

Warning 1.3 million Britons will be pushed into poverty even with energy bill freeze

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 further 1.3 million Britons will be pushed into poverty …

New UK Prime Minister Liz Truss inherits an economic storm
2 years, 3 months ago

New UK Prime Minister Liz Truss inherits an economic storm

Associated Press  

LONDON — Britain’s new prime minister has pledged to rebuild the economy and “ride out the storm” gathering over the country, but Liz Truss faces a daunting job. Here’s a look at the scale of the economic challenges that Truss faces and how she is expected to tackle them: HIGH ENERGY COSTS At the top of Truss’ agenda is a …

We can ride out the storm, says Liz Truss as she freezes energy bills
2 years, 3 months ago

We can ride out the storm, says Liz Truss as she freezes energy bills

The Telegraph  

Liz Truss on Tuesday declared that Britain could “ride out the storm” of the cost of living crisis as she prepared to freeze annual energy bills for households at around £2,500. Speaking from the steps of Number 10 under grey clouds, the new Prime Minister used her first speech to reassure the country that financial help was coming. Household energy …

Liz Truss to pay less than £2,000 for her energy bills this winter, Labour says
2 years, 3 months ago

Liz Truss to pay less than £2,000 for her energy bills this winter, Labour says

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 Liz Truss will pay less than £2,000 for her energy bills …

Chancellor ‘deeply concerned’ people could freeze this winter
2 years, 3 months ago

Chancellor ‘deeply concerned’ people could freeze this winter

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 Chancellor Nadhim Zahawi said he is “deeply concerned” some Britons could …

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