1/4 EV drivers on time of use tariffs despite chance to save

1/4 EV drivers on time of use tariffs despite chance to save: Research from Cornwall Insight has found only a quarter of private electric vehicle (EV) drivers have made the switch to lower priced time of use tariffs, despite many drivers seeing their household electricity demand double after making the switch to an EV. Time of…
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2 additional energy firms gone bust added to the list

2 additional energy firms gone bust added to the list: The soaring gas prices that have caused 24 suppliers to leave the market appear to continue to leave their mark in the UK’s energy retail market. Whoop Energy & Xcel Power Ltd have now reported they are stopping trade. Whoop Energy which was started as…
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Will households be subjected to ‘Uber-like’ energy charges?

Will households be subjected to ‘Uber-like’ energy charges?: As a result of an overhaul of the UK’s electricity retail market, millions of households may face ‘Uber-style’ charges. Smart meters for customers on ‘time-of-use’ tariffs will automatically update firms on each household’s energy usage every 30 minutes as part of the upgrade. This could allow energy…
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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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Summer 2022 price cap

Summer 2022 price cap predicted to rise to £1455

Summer 2022 price cap predicted to rise to £1455: Despite the Winter 2021-22 default tariff price cap being a new record at £1,277, the latest forecast from Cornwall Insight modelling indicates that the Summer 2022 cap will see a further increase of approximately 14% increase against the Winter 2021-22 cap – taking the Summer 2022…
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Green certificate prices keep rising amid BEIS proposals

Green certificate prices keep rising amid BEIS proposals: The latest research from Cornwall Insight‘s ‘Green certificate survey’ shows Renewable Energy Guarantees of Origin (REGOs) prices have risen significantly in recent months, with average reported prices of £1.35/REGO for Fuel Mix Disclosure (FMD) 2021-22 and £1.41/REGO for FMD 2022-23. This is 228% and 214% higher, respectively,…
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Government vows to stop the energy bill loyalty penalty

Government vows to stop the energy bill loyalty penalty: The Government has promised to block the energy bill ‘loyalty penalty’, that points to the method of suppliers putting long-established, uncommitted consumers on the most expensive tariffs. It has reported new proposals to test the system of automatically changing these customers to more affordable choices, and…
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