British Gas owner Centrica’s skyrocketing profits have been branded ‘indefensible’ as UK households continue to encounter high energy bills and cost of living pressures. The energy giant revealed that earnings at its retail supplier business soared by almost 900 per cent as it was handed a price cap boost of about £500 million. Centrica saidContinue reading “Profits Surge Nearly 900 Per Cent At British Gas”
Tag Archives: Ofgem
Martin Lewis Issues A Four-Day Warning To All Consumers
Households in England, Scotland and Wales that pay their energy bills by direct debit have four days to take a meter reading which could save them hundreds of pounds. Money-saving expert Martin Lewis took to Twitter to urge direct debit customers to take a meter reading before midnight on Friday. This is because the newContinue reading “Martin Lewis Issues A Four-Day Warning To All Consumers”
The BBC’s Blackout Scripts Have Been Revealed
The BBC has reportedly prepared a string of secret scripts to be read out on air in case of blackouts amid energy shortages this winter. A newspaper outlet said the scripts would advise the public to use their car radios or battery-powered devices to tune into emergency BBC broadcasts via FM frequencies and would striveContinue reading “The BBC’s Blackout Scripts Have Been Revealed”
Is Working From Home Coming To An End?
A new survey has shown that working from home could lead to home energy bills being stretched by an additional £2,500 each year. Experts suggest home workers will herd back to the office this winter to sidestep the extreme energy bills. Energy regulator Ofgem reported on Friday its price cap would rise by 80 perContinue reading “Is Working From Home Coming To An End?”
Rishi Sunak Builds A Private Pool For Himself
While wealthy Rishi Sunak hopes to take the plunge as our New Prime Minister, it’s revealed that things aren’t going swimmingly for his poor constituents. In fact, it’s a case of him swimming and them sinking, because they’re on the verge of losing their popular public baths which look set to close because of soaringContinue reading “Rishi Sunak Builds A Private Pool For Himself”
A New £200 Energy Loan Guide Has Been Released
The Department for Business, Energy and Industrial Strategy has unleashed more details about the £200 energy bill loan that will be added to more than 28 million electricity accounts across the United Kingdom in October. Ofgem’s energy price cap came into force on April 1, driving annual consumption on typical, standard tariffs up by £693Continue reading “A New £200 Energy Loan Guide Has Been Released”
Families Brace For Rising Costs Of Living
Families will encounter a cost of living double whammy with an energy cap increase adding hundreds of pounds to bills alongside a new hike in interest rates. Energy regulator Ofgem is bringing forward what’s expected to be a crippling rise in gas bills for millions of households from Monday to Thursday. The new level willContinue reading “Families Brace For Rising Costs Of Living”
Another Four Energy Companies May Go Out Of Business This Week
Four more energy suppliers could collapse this week amid rising wholesale energy prices leaving thousands of homes facing higher bills, and according to Sky News, Ofgem could announce, after the watchdog warned last week that more companies are in danger of going bust. Many British suppliers have stopped trading in the past few weeks asContinue reading “Another Four Energy Companies May Go Out Of Business This Week”
The biggest Increase In Fuel Bills In A Decade
Families are being warned that they should expect the biggest increase in gas and electricity bills in a decade when the energy cap is raised later this year. Approximately 15 million homes across the United Kingdom could be affected by the decision to raise the energy price cap in October, with the average price setContinue reading “The biggest Increase In Fuel Bills In A Decade”