energy price cap

  1. Home
  2. energy price cap
1/3 Brits are eager

Cornwall Insight’s preliminary Price Cap projection

Cornwall Insight’s preliminary Price Cap projection: Dr Craig Lowrey, Principle Consultant at Cornwall Insight stated: “The shift to quarterly calculations & more allowance for the costs of stranding should wholesale prices fall were anticipated. The devil will be in the detail. With greater complexity comes greater risk of unintended consequences. It would have been useful to…
Read More
1/3 Brits are eager

Industry must react ‘best ever chance to ditch fossil fuels’

Industry must react ‘best ever chance to ditch fossil fuels’: The energy price cap will increase for tens of millions of British people today, hiking customer bills by ~£700 per year, a number which will increase again in October. Renewable energy expert, Pilgrim Beart, believes that the next six months are “momentous”, and this is…
Read More
1/3 Brits are eager

Businesses facing a 250% increase in gas bills

Businesses facing a 250% increase in gas bills: Research for Cornwall Insight‘s ‘Pricing in the SME gas markets’ quarterly report has shown, that on a year-on-year basis, SME customers are facing an average gas bill rise of over 250%, based upon delivered prices. Wholesale market volatility, amongst other factors, has seen gas prices jump significantly…
Read More
1/3 Brits are eager

Ofgem provides an update on its price cap approach consultation

Ofgem provides an update on its price cap approach consultation: Only a few hours after announcing its new price ceiling, which will take effect on April 1st, Ofgem has revealed its conclusion on the mechanism for amending the energy price cap. This follows a three-month consultation on measures that would allow the regulator to modify…
Read More

Volatile energy prices set to continue into 2030

Volatile energy prices set to continue into 2030: Research from Cornwall Insight has shown that conditions could be in place for volatile wholesale energy prices to continue into 2030 and beyond, unless the UK develops a long-term strategy to cope with changes in energy production and unstable economic, geopolitical, and ecological systems. Cornwall Insight’s Benchmark…
Read More
1/3 Brits are eager

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…
Read More
1/3 Brits are eager

Government issued warning over ‘burning deadline’

Government issued warning over ‘burning deadline’: The CEO of Good Energy has issued a “burning deadline” to the government to act on rising energy prices and family bills. “To some extent, their burning deadline is the day when the new amount of the price ceiling is disclosed,” said Nigel Pocklington, Chief Executive Officer at Good…
Read More
1/3 Brits are eager

UK Energy bills could soar to £2k: What should you know?

UK Energy bills could soar to £2k: What should you know?  The energy crisis in the UK is continuing at full speed and with no signs of slowing down. In just four months, 26 energy suppliers already went bust due to the record high wholesale gas prices, which have made it impossible for the providers…
Read More
Price cap to rise 46% this Summer & Winter may top £2k

Price cap to rise 46% this Summer & Winter may top £2k

Price cap to rise 46% this Summer & Winter may top £2k: Following further highs in wholesale prices and the costs associated with the raft of supplier failures seen in the last few months, Cornwall Insight is forecasting that the domestic default tariff price cap for Summer 2022 will increase to approximately £1,865 per annum…
Read More
1/3 Brits are eager

Ofgem Blamed for Errors For Energy Suppliers Going Bust

Ofgem Blamed for Errors For Energy Suppliers Going Bust: Unless you’re with one of the UK’s larger energy suppliers, there’s a good chance that your energy company went bust this year. Legions of energy consumers found that their smaller, eco-friendlier, and more competitively priced energy suppliers have been forced out of business. As a result,…
Read More
Bonuses