a year from £1,971 on average.
Ofgem boss Jonathan Brearley has told the the Business, Energy and Industrial Strategy Committee that it is expecting an energy price cap in October “in the region of £2,800”.Previous estimates has predicted the price cap would rise to £2,750, according to Cornwall Insight. Ofgem chief executive Jonathan Brearley told the Business, Energy and Industrial Strategy Committee: “I am afraid to say conditions have worsened in the global gas market since Russia’s invasion of Ukraine. Gas prices are higher and highly volatile."I know this is a very distressing time for customers but I do need to be clear with this committee, with customers and with the government about the likely price implications for October.
“Therefore later today I will be writing to the Chancellor to give him our latest estimates of the price cap uplift. “This is uncertain, we are only part way through the price cap window, but we are expecting a price cap in October in the region of £2,800.”
MrHarryCole Remember when Milliband warned about vulture capital? You destroyed him over a bacon sandwich But as long as murdoch gets away with non payment of taxes in the UK you lot happy to peddle your crap dontbuythesun JohnsonOut120
MrHarryCole Some mistake, surely? 'Wholesale gas prices in Britain have collapsed' (19 May) is ofgem asleep at the wheel?
Remember The Sun backed the Tories in the election.....
I'm going to have my salary paid directly to Eon
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Energy bills set to soar by almost £1,000 in October, says OfgemOfgem has said the energy price cap will likely rise again by almost £1,000 in October. That will not be getting paid. Here’s the real story. Millions and millions of people can’t afford to live and yet today the media is talking about Boris having a glass of wine 2 years ago 🤦♀️ I feel sorry for beauticians, Masseuses or whatever they're called, nail technicians, pubs! Anyone that sells a non essential service. People won't be able to afford luxuries like that anymore. I know the government don't care anymore,but the economy is going 2b completely effed.
Source: LBC - 🏆 17. / 74 Read more »
Energy boss warns bills could soar to £3,000 a year at price cap rise in OctoberE.ON Chief Executive Michael Lewis said predictions that the annual energy price cap could rise to between £2,600 and £2,800 in October were in the 'right ballpark' He should slash prices then. Simple! Eon are one of those who don't just bill, but generate the power they sell too It's entirely within Eon's power to just charge less PippaCrerar EU countries have capped the cost of utilities to around 5%, yet UK Government allowed the increase up to 53%. It’s ridiculous, clearly there has been lobbying going on and deals done. that is suggesting a 32% rise in october
Source: The Mirror - 🏆 136. / 51 Read more »
Families facing fuel poverty ‘to double’ as energy crisis deepensOne in five households are already in fuel poverty and that number could double in October when the energy price cap rises again, the boss of one of Britain’s b France limited their energy price rise to a max of 4% the U.K. applied a min price rise of 54% Just saying! it's all a grift so oil companies can make more profit and conservatives can slam Biden A crazy situation which can be addressed easily by the government now before this spirals out of control.
Source: The Times - 🏆 71. / 59 Read more »
Bills will go up again as energy price cap set to increase by £800 in OctoberBREAKING: Ofgem chief executive Jonathan Brearley has said he expects the regulator to increase the energy price cap to a figure ‘in the region of £2,800’ in October. What's the fucking point in ofgem
Source: MetroUK - 🏆 13. / 82 Read more »
State pension panic: £2,600-a-year energy bills due in October – over a quarter of incomeENERGY BILLS of up to £2,600-a-year are due to hit in October, amounting to more than a quarter of the state pension.
Source: Daily Express - 🏆 26. / 68 Read more »
Beer lovers face bottle shortage as rising energy costs hit UK breweriesWholesaler says some beer firms may have to use different containers as bottle stocks run low well do it as we did when younger put a deposit on them to redeem so ppl can get a few pennies and the bottles can be reused Imagine a British population who can't self-medicate with alcohol in bottles!! Time to recycle bottles. I remember getting 10p back on a bottle
Source: Guardian news - 🏆 28. / 68 Read more »