Energy bills
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Households have been warned that energy prices could stay high for the rest of the year after Ofgem announced the price cap would go up by 6.4% from April. The increase will raise the average bill for households in England, Scotland and Wales on a standard variable tariff from £1,738 a year to £1,849. The…
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The possibility of a peace deal between Russia and Ukraine has caused wholesale energy bills to fall in recent weeks, but household bills will still be going up from April. Consumers will be paying for the winter months. Europe endured a cold and still winter, meaning demand for energy increased while countries were less able…
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As energy bills become more expensive from today, respected forecasters have said they are likely to rise further in spring instead of fall, as first anticipated. The energy price cap rises from January, bringing the cost of a typical annual bill to £1,738 – £21 a year more than from October to December. Bills had already become…
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Energy Secretary Ed Miliband has described Ofgem’s price cap increase as “worrying” for many people. The energy price cap will rise to an average annual £1,717 from October, the industry regulator has said – a 9.5% rise which Ofgem said was largely due to higher wholesale gas prices. “This will be deeply worrying news for…
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More now on the increase of the price cap. The chief executive of Ofgem, Jonathan Brearley, has admitted the increase is going “to be extremely difficult for many households”. “Anyone who is struggling to pay their bill should make sure they have access to all the benefits they are entitled to, particularly pension credit, and…
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