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Watch the gap between price cap & cheapest energy deals

Watch the gap between price cap & cheapest energy deals: The skyrocketing wholesale energy prices appear to have taken their toll on the energy rates accessible to customers. According to new data by Cornwall Insight, the gap between the 10 lowest tariffs on sale and the current default tariff ceiling for September 2021 is only…
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Maintaining the price cap is “non-negotiable”

Maintaining the price cap is “non-negotiable”: In the midst of the UK’s energy market crisis, the Business and Energy Secretary has dismissed rumours that the price ceiling may be lifted. Because of the skyrocketing wholesale energy prices, there has been speculation and pressure on BEIS and Ofgem to raise the ceiling in recent weeks. Critics…
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Government been asked to take action with energy prices

Government been asked to take action with energy prices: The Energy Intensive Users Group (EIUG) has urged the government to take immediate action to address the increasing crisis in the Energy Intensive Users. The organisation, which represents the interests of big industrial energy consumers such as steel, chemicals, paper, and glass producers, has recommended a…
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Energy prices predicted to soar in summer 2022

Energy prices predicted to soar in summer 2022: Analysts have forecasted that the price cap this coming summer may ‘burn’ holes in energy consumers’ pockets. A Cornwall Insight analysis expects the default price cap will rise by 14% to £1,455 annually for dual fuel consumers. If the prediction becomes accurate, that will come after this…
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Price cap rising to highest level with further rises coming

Price cap rising to highest level with further rises coming: Commenting on today’s Ofgem announcement that the default price cap would increase by £139 to £1,277 for the six months effective from 1 October 2021 for a typical domestic customer, Craig Lowrey, Senior Consultant at Cornwall Insight, said: “Despite serving as a means by which…
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Second utility bill rise for the UK?

Second utility bill rise for the UK? We will see another rise for the UK’s gas and electricity bills this year. Even though we saw utility bills rise for millions of people in April this year, after the price cap was changed to £96 per year, current Bulb customers can expect to see a second…
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Industry reacts to Ofgem’s changing price cap

Industry reacts to Ofgem’s changing price cap: Ofgem reported that from April, price cap will go back to pre-pandemic levels, because of changes in wholesale energy prices. The new cap will increase up to £96 on households’ bills. The industry responded. Cost of buying energy increased considerably Reacting to this morning’s price cap report, Energy…
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Price cap rises but is expected to increase further still

Price cap rises but is expected to increase further still: Commenting on today’s Ofgem announcement that the default price cap would increase by £96 to £1,138 for the six months effective from 1 April 2020, Robert Buckley Head of Relationship Development at Cornwall Insight, said: “This is a substantial increase which negates all of the…
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Energy bills go up £96 due to price cap increase

Energy bills go up £96 due to price cap increase: Almost 15 million households will notice their energy bills increase by as much as £96, because of an upsurge in the price cap. Ofgem says the price cap is fixed at £1,138 annually for default tariff customers & at £1,156 for pre-payment meter customers and…
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Households to see £24 yearly increase in energy bills

Households to see £24 yearly increase in energy bills: From 1st April customers with standard variable tariff may notice their bills go up by £23.69 Ofgem has revealed intentions to change the default tariff price cap in response to increasing bad debt costs because of the coronavirus pandemic. The ‘Adjustment Allowance’ was set up in…
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