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energy saving Archives - Energy Angels

Energy Price Cap is to rise by £693

Ofgem, the energy regulator, has today announced that the energy price cap is to rise by £693.The 54% increase, coming into effect in April, will result in energy bills increasing to £1,971 a year and affect around 22 million customers on standard tariffs.In an Ofgem energy price cap press release, Jonathan Brearley, chief executive of

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Should VAT on gas and electricity be cut?

Households have been warned that they face an energy bill ‘double whammy’ this year. The expected big rise in April and October, has raised the question, should VAT on gas and electricity be cut? Prices risingIn December, Dame Clare Moriarty, Citizens Advice Chief Executive, said: “Energy customers are facing a multibillion-pound bill, in large part because

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Households Face a Big Rise in Energy Bills

Damming analysis from retail energy advisors, BFY Group has warned that households face a big rise in energy bills in April.The report, commissioned by Citizens Advice concludes that “Ofgem allowed unfit and unsustainable energy companies to trade with little penalty.”Wholesale gas prices may have steadied recently, but with more supplier failures expected, it’s difficult for

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What is the Energy Price Cap?

The squeeze on household finances for millions will take hold as the latest energy price cap takes effect. But, what is the price cap and how does it affect millions of UK households? What is the energy price cap?The energy price cap was introduced in January 2019 and set by Ofgem, the energy regulator, under government

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