Cornwall Insight’s prediction of a rise in the energy price cap to £3,582 a year from this October (a rise of 82%), and a further rise in January 2023 toContinue readingWhat happens to UK electricity prices in 2023?
Category: Energy Price Cap
The electricity price rise in January 2023 will be around 20% and the energy price cap will rise to £4,266 a year
In October the UK will see a KWh of electricity rise to 50p per hour. The energy price cap will be around £3,582 and that will be a 81% riseContinue readingThe electricity price rise in January 2023 will be around 20% and the energy price cap will rise to £4,266 a year
Ofgem changes energy price cap changes to every three months (was every six months)
In April, energy prices rose by 54% under Ofgem’s energy price cap, over the next six months, increases in the wholesale price of gas led to a 77% increase inContinue readingOfgem changes energy price cap changes to every three months (was every six months)
The G7 wants to cap Russian gas prices. I think the UK should cap Centrica, BP, and other generators.
It was only a short while ago that Boris Johnson the Prime Minister of the United Kingdom met up with other G7 leaders in Madrid. They came up with aContinue readingThe G7 wants to cap Russian gas prices. I think the UK should cap Centrica, BP, and other generators.
Energy: Why I cancelled my direct debit
I always shopped around for the lowest price energy deals. I used OVO for a while, but ended up with Symbio who were offering a KWh for 10p. This wasContinue readingEnergy: Why I cancelled my direct debit
Emergency! Small business will not survive at 60p per KWh and £3 daily standing charge
Small businesses in the UK employ over 60% of the workforce, but, now, hundreds of thousands are set to throw in the towel as fixed priced energy deals finish, toContinue readingEmergency! Small business will not survive at 60p per KWh and £3 daily standing charge
Centrica and Shell make big profits, but, windfall taxes aren’t going to help
The news that Centrica, the parent company of British Gas, made £1.3 billion profits in the last six months, more than the £262 million it made in the same sixContinue readingCentrica and Shell make big profits, but, windfall taxes aren’t going to help
Can you afford over £500 a month to pay your energy bills?
Energy bills are due to skyrocket in October when the UK’s energy price cap is increased to at least £3,244, leaving a KW of energy costing British consumers, at, orContinue readingCan you afford over £500 a month to pay your energy bills?
OFGEM has proved incompetent as the regulatory authority of the UK’s retail energy market
Ofgem is incompetent, so says the Business, Energy and Industrial Strategy Committee in their latest report “Energy pricing and the future of the energy market”. Ofgem allowed suppliers to enterContinue readingOFGEM has proved incompetent as the regulatory authority of the UK’s retail energy market