UK households
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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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Southern Water may not be able to guarantee that water comes out of its customers’ taps but, credit where it is due, it does know how to lay on a metaphor. On the day almost 60,000 Hampshire residents faced having to queue for fresh water until the weekend the company, already carrying £6bn of debt,…
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The energy price cap limits what utility companies can charge customers for a daily standing charge and each kilowatt-hour of gas and electricity they use. Regulator Ofgem releases the cap quarterly and estimates how much the average household would typically pay over a year at the new unit price. This figure, £1,717, assumes a household…
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