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Plans may be scrapped for quarterly price cap

Plans may be scrapped for quarterly price cap Ofgem has been pushed to abandon plans for a more frequently reviewed price cap. The End Fuel Poverty Coalition, which represents environmental and health campaigners, trade unions and consumer groups, local authorities, suggests a quarterly price cap increase in January 2023 will “penalise” households. It disputes that…
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Renters may not benefit from the £400 energy grant

Renters may not benefit from the £400 energy grant More than half a million people could miss out on the government’s help for rising energy bills. Citizen’s Advice has advised that private renters have a possibility that they may not benefit from this discount as their landlords might pocket the money. The charity indicates households…
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“We need to encourage energy companies to go for more gas”

“We need to encourage energy companies to go for more gas”: The Prime Minister believes that oil and gas corporations should be encouraged to explore for additional gas. “What he (Mr Starmer) would be doing is hitting the energy companies at precisely when we need to encourage them to go for more gas because we…
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Ofgem to announce Summer Default Tariff Cap tomorrow

Ofgem to announce Summer Default Tariff Cap tomorrow

Ofgem to announce Summer Default Tariff Cap tomorrow: Tomorrow at 11am Ofgem will be announcing the level of the Summer Default Tariff Cap which will come into effect from 1 April. Cornwall Insight will have experts available to speak before and after the announcement on: The forecasts/announced cap level, The impact on consumers and the…
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Almost half a million homes could be hit by high gas prices

Almost half a million homes could be hit by high gas prices: The government was urged today to take immediate action to protect approximately 500,000 homes that rely on communal and district heating networks. According to the Heat Trust, these homes may be hit the hardest by rising gas prices because heat network operators buy…
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The price cap will beyond £2255 in October

The price cap will beyond £2255 in October: According to a recent research, the energy price ceiling might rise as high as £2,255 in October. According to Cornwall Insight, the price cap, which limits the default energy rates, will rise twice this year. There will be one in April, when the yearly limit for an…
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Gas and power costs are being raised by Iberdrola

Gas and power costs are being raised by Iberdrola: More Irish people may notice a rise in their electricity and gas bills after another provider, Iberdrola Ireland, announced a change in its energy tariffs. The increased tariffs are likely to add €12.6 (£10.7) to typical monthly gas bills and €11.5 (£9.8) to monthly electricity costs…
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More suppliers went bust as a result of rising energy prices

More suppliers went bust as a result of rising energy prices: Two more energy suppliers went bankrupt just hours after the government confirmed that Bulb had entered’special administration. Entice Energy and Orbit Energy have ceased operations, according to Ofgem. Entice Energy serves approximately 5,400 domestic customers, whereas Orbit Energy serves approximately 65,000 customers. Customers’ energy supplies will…
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Industry ask government & Ofgem to reform charges

Industry ask government & Ofgem to reform charges: Industry body Scottish Renewables has just pushed for the government & Ofgem to transform the Transmission Network Use of System (TNUoS) charging system. The body which speaks for Scotland’s renewable energy industry proposes that the current rules governing how the electricity network is bought are ‘critically out…
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UK energy crisis: Which suppliers are the most stable?

UK energy crisis: Which suppliers are the most stable?: In the UK today the energy market is going through unprecedented hardships which has already led to several notable energy suppliers going bust. As of August 2021, there have already been 10 energy suppliers that have ceased trading, which has left millions of UK residents concerned…
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