Energy bills to fall by £122 from 1st July as Price Cap is announced

Energy bill

More than 29 million households across England, Wales, and Scotland are set to see a decrease in their energy bills by £122, starting in July, after to the new price cap was announced by Ofgem, the energy regulator.  This adjustment will see the average annual energy bill for a typical household fall by 7% to […]

Support with your Energy Bills

Energy support for residents in 2023 This instructional piece was written in July 2023 and will be updated accordingly with any updates with latest information regarding support for residents. Every home should be a warm and safe place, in last year’s Fuel Poverty Awareness Day, it highlighted that support is required for more than 4 […]

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 […]

Top 7 things about the Energy Price Cap

With the current energy crunch putting a strain on finances for millions of UK households and with the energy price cap announcement due next week, we give you the top 7 things about the energy price cap.   What is the energy price cap? The energy price cap sets a maximum daily amount (what you […]

Ofgem Investigation into PayPoint

An Ofgem investigation into PayPoint has resulted in admittance that PayPoint breached competition laws. PayPoint has agreed to remove exclusivity clauses from its pre-pay customer contracts with energy suppliers, as well as pay £12.5 million to the regulator. Additionally, PayPoint has agreed to overhaul its services as a result of the four-year investigation.   Who […]

Bulb Energy – The Special Administration

Bulb Energy, which supplies more than 1.7 million customers, has collapsed and will be the first energy supplier to be placed into the Special Administration Regime (SAR). Rumours have been circulating for a while and the news has been long expected by rival suppliers after it struggled to find a buyer or financial investment. Octopus […]

Energy Suppliers – Government Intervention

We’re still waiting for clarity on any potential government intervention in the energy crunch, as larger energy suppliers take on new customers whose energy supplier has gone out of business. The current number stands at more than 2 million homes, but some of these will not have hedged for the additional customers. It is estimated […]

What’s next for the Energy Industry?

With natural gas prices rocketing by more than 420%, the UK dealing with too little wind, the IFA-1 electricity cable fire and energy suppliers going out of business, what’s next for the energy industry?   The ‘energy crunch’ will affect millions Fuel poverty is not simply a trending hashtag. Millions of UK households will face […]

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 […]

error: Content is protected !!