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Ofgem’s proposals on customer credit & RO payments

Ofgem’s proposals on customer credit & RO payments: Ofgem has published a consultation setting out its latest proposal to deal with the risks – and costs – of supplier failure. This forms part of a broader piece of work on increasing the financial resilience of suppliers and curbing the costs passed on to all customers…
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Cornwall Insight on January Default Tariff Cap forecast

Cornwall Insight on January Default Tariff Cap forecast: Data reported on Monday evening (20/06) from Cornwall Insight forecast that the Default Tariff Cap for Q1 2023 (Jan-Mar) will rise to £3,003 per year for a typical user, with the last quarter of 2022 Q4 (Oct-Dec) predicted to be £2,980. The rise means an average household…
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Price Cap predictions soar with EU sanctions on Russia

Price Cap predictions soar with EU sanctions on Russia: Cornwall Insight’s forecast for the October (Q4 2022) Default Tariff Cap has gone up to £2,879 for an average consumer, as Russian oil sanctions cause renewed uncertainty throughout the energy market. The predictions for the January (Q1 2023) Cap are even more pricey rising to more…
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Cheapest fixed tariff energy deals £1,700 over Price Cap

Cheapest fixed tariff energy deals £1,700 over Price Cap: Research from Cornwall Insight using data compiled by Comparison Technologies, has demonstrated the average price of the least costly ten fixed price tariffs in April was £3,685 a year, £1,714 higher than the present Default Tariff Cap. The research, which examined deals for new direct debit…
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Cornwall Insight releases its new price cap forecasts

Cornwall Insight releases its new price cap forecasts: At 11:30am on Tuesday, the Queen will deliver the Queen’s speech laying out the Government’s plans throughout the next year and any bills it hopes to introduce. Amongst the likely bills for inclusion is an Energy Bill. Ahead of the speech, see below Cornwall Insight‘s current forecast…
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Hopes fade for a significant price cap drop in 2023 & 2024

Hopes fade for a significant price cap drop in 2023 & 2024: Cornwall Insight’s Default Tariff Cap predictions for the Summer 2023 and Winter 2023/24 periods have risen by 15% in just two weeks. The figures, compiled from data as of market close on 12 April, show predictions of £2,284 (£2,040 30/03) and £2,233 (£2,001…
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Third party gas bill charges rise by 33%

Third party gas bill charges rise by 33%: Third party-charges (TPCs) on domestic household energy bills have jumped by 33% for gas and 9% for electricity in 2022-23, compared with 2021-22 prices, according to Cornwall Insight‘s Third Party Charges Report. The rise is driven predominantly by an increase in network charges due to the collection…
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Cornwall Insight’s response to the Spring Statement

Cornwall Insight’s response to the Spring Statement: Robert Buckley, Head of Relationship Development at Cornwall Insight said: “The Spring Statement came against the backdrop of the tragic events in the Ukraine, which on top of causing untold human suffering, has left European energy markets and subsequently UK households exposed to significantly volatile pricing. “While the…
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Winter price cap forecasted to soar over £500

Winter price cap forecasted to soar over £500: New study indicates the winter price cap is forecasted to be £2,512. Cornwall Insight has lowered its prior prediction by almost £400 since 7th March when the consultancy predicted that the cap level could stretch to £2,962. In Februaury, analysts at the wealth management group Investec announced…
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Energy price jumps leave cap forecasts at over £2,900/yr

Energy price jumps leave cap forecasts at over £2,900/yr: Today’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall Insight now predicting the cap will rise in October to over £2,900 a year for an average user. The price cap has…
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