Regulator Ofgem has raised the energy price cap from October, taking the average gas and electricity bill to £3,549 a year.
“I’ve had to cancel my direct debt because I just can’t afford to pay my fuel bills and I dread to think how this will impact others in October. “I know every household is being given £400 towards energy costs, but that’s just a drop in the ocean. This is going to have a devasting impact on people." After the Glasgow Times revealed her plight, ScottishPower gave her a £570 payment through its hardship fund to help with some of the bill.
Experts predict that the cost of electricity and gas will rise again at the beginning of 2023, a move which could see the average household's annual bill rocket to £5,400
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Energy price cap explained: How will the increase impact you and how much prices are rising?The price cap has been hiked to an eyewatering £3,549 a year by Ofgem, affecting millions of households across the UK this winter during the cost of living crisis. There was no war in Ukraine in 2021 as stated in the article. The price cap has not been hiked to £3,549 a year. The price cap is set by kWh. That is the price an average household will be paying per year at the new price cap. So 49.9% of households will be paying less than that. But that doesn't make a sensationalist headline. This is not happening anywhere else in Europe. Price increase in France was 4%. They are also affected by the Ukraine situation so that’s not the reason for our prices going up 80%. And more in January. This is blatant profiteering by the energy companies.
Source: LBC - 🏆 17. / 74 Read more »
Energy price cap to rise more than 80 per cent from October 1Ofgem has confirmed an 80.06% rise in the energy price cap, sending the average household's yearly bill from £1,971 to £3,549 from October.
Source: LeedsNews - 🏆 48. / 63 Read more »
Chip shops face 'extinction' amid cost of living crisisThe rising price of cod, sunflower oil and energy has left many shops struggling to survive. .... but we still let in thousands of immigrants a day and pay for them....
Source: BBCLondonNews - 🏆 115. / 51 Read more »
British Gas to donate 10% of profits to help cut billsBritain's biggest energy supplier will offer more grants for those in need, amid rising prices. It’s something but those just over the fuel poverty line, not eligible for any help, will get absolutely whacked out. Why are they 'donating'? Charity is just a failure of government - it's self evident that they have the capital and recognise the problem. Their energy prices should just be more reasonable in the first place Not enough I’m afraid. I’m sure they could go to 15% and still be comfortable in profits
Source: BBCNews - 🏆 3. / 97 Read more »
Energy price cap to rise more than 80% to £3,549 from October 1, Ofgem confirmsThe cap will come into effect for around 24 million households in England, Scotland and Wales on default energy tariffs on October 1, and will remain in place until December 31. So we have gone from a choice between heating or eating to debt or death!!!! EnoughIsEnough dontpayuk Thank your lockdown lovers. This is nothing to do with Putin or Russia. Wake up
Source: Glasgow_Live - 🏆 4. / 97 Read more »
Energy price cap to rise more than 80% to £3,549 from October 1The cap will affect around 24 million households on default tariffs in England, Scotland and Wales. How's it a price cqp
Source: ShropshireStar - 🏆 98. / 51 Read more »