Warnings over 'dystopian' effects of cost of living
2 years, 9 months ago

Warnings over 'dystopian' effects of cost of living

Daily Mail  

Gas, petrol and wheat prices surged yesterday fuelling fears that households face 'dystopian economic collapse'. The wholesale cost of gas surged by 70 per cent, meaning that average energy bills could hit £4,000 this year. The price hit 800p a therm at one point, which is almost 1,900 per cent higher than a year ago. Real household incomes could fall by 4 per cent for working age people from April, the Resolution Foundation said. Real household incomes could fall by 4 per cent for working age people from April, the Resolution Foundation said Inflation is predicted to hit around 8 per cent this spring – which the foundation said would make 'falling real household incomes the defining economic feature of 2022'.

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History of this topic

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 …

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 …

How much are garages ripping YOU off by and could you save £5 by filling up at another station five minutes away? Use our interactive tool and map to find out...
4 months, 3 weeks ago

How much are garages ripping YOU off by and could you save £5 by filling up at another station five minutes away? Use our interactive tool and map to find out...

Daily Mail  

Drivers are being fleeced out of an extra £3 each time they fill their tank because of greedy petrol stations, analysis suggests. The figures come from 14 retailers participating in the CMA's temporary pricing data scheme, which covers around 40 per cent of UK forecourts and 65 per cent of fuel sold. The 14 retailers on the scheme are: Asda …

Labour’s claims it will cut energy bills by £300 are ‘false’, insist Tories
6 months 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 …

Gas bills could rise by £1,000 to pay for wind power
6 months, 4 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 …

More than three million households in fuel poverty in 2023, figures show
10 months, 1 week ago

More than three million households in fuel poverty in 2023, figures show

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 figure would have been more than 3.5 million …

I run Britain's cheapest petrol station and I'm charging far less than the UK average
1 year, 7 months ago

I run Britain's cheapest petrol station and I'm charging far less than the UK average

Daily Mail  

A garage owner is claiming the crown of 'King of the Pumps' because he believes he is selling the cheapest fuel available anywhere in Britain. Vijay Jaganathan is advertising both petrol and diesel at 129.9p per litre at his rural forecourt - compared to the UK average of 145p for petrol and 154p for diesel. Vijay Jaganathan is currently advertising …

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 …

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 …

No 10 says no need to panic over energy supplies
2 years, 4 months ago

No 10 says no need to panic over energy supplies

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. Households, businesses and industry can be confident they will …

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 …

Drain on wallets: Gas prices close in on $5 for in US, touch record high in UK
2 years, 6 months ago

Drain on wallets: Gas prices close in on $5 for in US, touch record high in UK

Firstpost  

Fears of short supplies are being compounded by demand, which usually picks up around Memorial Day at the end of May — the unofficial start of summer and vacation trips in the U.S Dallas: The average price that Americans pay for gasoline is closing in on $5 a gallon, another drain on the wallets of consumers who are paying more …

Average cost of filling up car in UK hits record 100 pounds
2 years, 6 months ago

Average cost of filling up car in UK hits record 100 pounds

Associated Press  

LONDON — The average cost of filling up a typical family car has exceeded 100 pounds for the first time in Britain, as Russia’s war in Ukraine drives gasoline prices higher. The government must act urgently to reduce the record fuel prices which are crippling the lives of those on lower incomes, rural areas and businesses,” AA President Edmund King …

Cost of filling up average car hits £100 as petrol prices soar
2 years, 6 months ago

Cost of filling up average car hits £100 as petrol prices soar

The Telegraph  

The Competition and Markets Authority said if evidence was found the 5p fuel duty cut had not been passed on it would launch an investigation, with fines for offending retailers possible. Petrol price rises are just one aspect of the financial squeeze on households which will see the biggest drop in household disposable income since records began in the 1950s, …

Petrol fuel prices: Average cost of filling family car set to hit £100
2 years, 6 months ago

Petrol fuel prices: Average cost of filling family car set to hit £100

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 cost of filling …

Petrol prices: March worst month ever at the pumps
2 years, 8 months ago

Petrol prices: March worst month ever at the pumps

Daily Mail  

Motorists endured one of the 'worst months ever at the pumps' in March as fuel prices grew the largest amount on record, despite the Chancellor's efforts to cut the cost of petrol and diesel by lowering fuel duty. Analysis of Experian Catalist data found that the average cost of a litre of petrol rose by 11.6p from the beginning to …

High energy costs are hitting UK. It’s about to get worse
2 years, 8 months ago

High energy costs are hitting UK. It’s about to get worse

Associated Press  

LONDON — Tia Rutherford is worried about her 3-year-old son. “He’s constantly catching colds.” People across the United Kingdom will face similar choices in coming months with energy costs for millions of households set to rise by 54% on Friday. It is the second big jump in energy bills since October, and a third may be ahead as rebounding demand …

History repeating as unpopular Prime Minister contends with pre-election petrol price rises
2 years, 9 months ago

History repeating as unpopular Prime Minister contends with pre-election petrol price rises

ABC  

Petrol prices have a wonderful ability to annoy people even when they are not buying fuel. Russia's invasion of Ukraine in many ways has poured fuel onto an already burning fire of petrol prices. With petrol prices skyrocketing, rumblings of a by-election in the Melbourne electorate of Aston and a Prime Minister struggling in the polls ahead of an election, …

Petrol soars above £2 a litre in UK as Ukraine war drives up prices
2 years, 9 months ago

Petrol soars above £2 a litre in UK as Ukraine war drives up prices

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 Petrol prices have reached record highs of over £2 per …

Cost-of-living ‘catastrophe’ as soaring bills and taxes blow £1,200 hole in household budgets
2 years, 11 months ago

Cost-of-living ‘catastrophe’ as soaring bills and taxes blow £1,200 hole in household budgets

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 Families face a cost-of-living ‘catastrophe’ next year as soaring energy …

Energy supplier failures will add £85 to bills next year, warns watchdog
3 years ago

Energy supplier failures will add £85 to bills next year, warns watchdog

The Telegraph  

Energy bills will rise by as much as £85 next year following a raft of supplier collapses, the regulator has warned. More than 20 energy companies have failed this year as the government-imposed price gap prevented them from passing on rocketing wholesale gas prices. Ofgem appointed a “supplier of last resort” for the collapsed suppliers, meaning their customers have been …

Energy prices rocket to new high amid global gas crunch
3 years, 3 months ago

Energy prices rocket to new high amid global gas crunch

The Telegraph  

Energy prices have surged to 11 times above normal levels – a fresh record high – as a crunch in gas supply, low wind speeds and power station closures pile unprecedented pressure on Britain’s grid. The wholesale day-ahead power price in Britain rocketed to £540 per megawatt hour on Monday – £369 higher than Friday’s price, and more than 1,000pc …

Britain forced to fire up coal plant amid record power prices and winter squeeze
3 years, 3 months ago

Britain forced to fire up coal plant amid record power prices and winter squeeze

The Telegraph  

Energy prices have spiked to a record high in Britain after calm weather shut down the country’s wind turbines amid a global shortage of natural gas. Power costs are closely tied to gas prices, which this evening hit 134.5p per therm in the UK - compared to less than 30p per therm one year ago. Joe Camish, an analyst at …

Petrol prices soar to highest level in nearly two years
3 years, 6 months ago

Petrol prices soar to highest level in nearly two years

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 Motorists hitting the road to …

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