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Price cap forecasts for January rise to over £4,200

Price cap forecasts for January rise to over £4,200: New forecasts for the January Default Tariff Cap (price cap) from Cornwall Insight have risen by over £6501, meaning a typical household is now predicted to pay the equivalent of £4,266 a year for the three months to March 2023. Forecasts for the October cap have…
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Estimations for £4K mark on winter energy bills

Estimations for £4K mark on winter energy bills Britons may soon discover themselves paying more than £4K per year for the energy they consume. New analysis from Investec Bank Plc implies the cap on default energy tariff may increase to £4,210 a year in January 2023. It is worth pointing out that the prediction is…
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Gas & electicity for the next 8 months bought by council

Gas & electicity for the next 8 months bought by council Slough Borough Council in the South East of England will buy 100% of its estimated energy consumtion until March 2023 in advance. Previously this year, the local authority could see its energy bills soar by an additional £3m as a result of the rising…
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New energy price cap to be about £3.5k

New energy price cap to be about £3.5k Average yearly energy bills could increase to £3.5k, according to the Bank of England (BoE). At a press conference where officials reported the largest interest rate hike in 27 years while forecasting a prolonged period of recession for the UK, Governor Andrew Bailey stated: “We think, on…
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Responses from industry to energy pricing report

Responses from industry to energy pricing report: The Business and Energy and Industrial Strategy Committee has now released its report closing its inquiry into energy pricing as well as the future of the energy market. MPs have demanded the government to update its energy bill support package to protect customers before the predicted additional rises…
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Ofgem tells energy suppliers to improve direct debit

Ofgem tells energy suppliers to improve direct debit Today (Wednesday 13 July 2022), energy regulator Ofgem has told a number of energy suppliers to take immediate and urgent action, after a review found a range of weaknesses or failings in the way they charge customers direct debits. Out of a total of 17 large suppliers…
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Higher expected energy bills to come

Higher expected energy bills to come Skyrocketing energy prices could make the price cap rise above £3.2k per year from October. At a meeting held by the Public Accounts Committee regarding the regulation of energy suppliers and asked about the level of the price cap that will be in place in October, Ofgem’s Chief Executive…
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More people having difficulties paying bills

More people having difficulties paying bills The number of people having difficulties paying their energy costs has boosted in recent weeks. That’s one of the findings of the most recent survey by the Office for National Statistics (ONS) which implies about 43 percent adults find it “very” or “somewhat difficult” to pay for them. That…
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Extra £164 to energy bills due to supplier collapses

Extra £164 to energy bills due to supplier collapses Breakdowns of energy companies may likely put a predicted extra £164 to customers’ bills among energy crisis. Citizens Advice implies the bill for supplier failures, counting the management costs for Bulb, presently stands at £4.6bn. The charity has coaxed the government to research how diverse outcomes…
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Limited energy supplier options for disabled consumers

Limited energy supplier options for disabled consumers Disabled consumers in the UK experience limited decision and mindset of disempowerment when choosing utility providers. That’s one of the bothersome discoveries of new polling by the Business Disability Forum which displays more than six-in-ten people stated that their disability or access needs had made it more harder…
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