Tag: UK energy bills

Price cap revision could see £100 rise in energy prices

Price cap revision could see £100 rise in energy prices

UK energy bills could rise by £100 per year as regulators are set to announce a major hike to the energy price cap on default gas and electricity tariffs, just weeks after it was first introduced. As of the 1st January, a price cap has been implemented by energy regulator, […]

Warning of blackouts in Scotland after decision to go green

Warning of blackouts in Scotland after decision to go green

A new report has found Scotland risks multiple days of blackouts, resulting in deaths and civil unrest as a result of the country’s dependence on renewable energies. A significant gap in Scotland’s electricity system as a result of the closure of coal power stations and the unpredictability of renewables could […]

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UK households owe nearly £400m to energy companies

The number of UK households that owe money to energy suppliers has risen by 300,000 this year with a total of nearly £400 million owed ahead of the winter months. Price hikes throughout the year contributed to the amount of collective debt in the UK to hit £393 million in […]

Low-carbon economy threatens 28,000 UK jobs

Low-carbon economy threatens 28,000 UK jobs

The UK Government’s drive to a low carbon economy could cost the north of England up to 28,000 jobs over the next 12 years, according to the Institute for Public Policy Research (IPPR). The report said the region faced economic decline under current plans, which fail to mention the damaging […]

Brexit could heighten UK energy bills

Brexit could heighten UK energy bills

Power firms in the UK have said that Brexit could force energy bills up as a result of barriers to trade that would threaten to increase the costs of importing gas and electricity to and from the continent. French energy giant EDF, Unilever and Britain’s energy industry body have grouped […]

British Gas hike energy bills by £44 in second 2018 rise

British Gas hike energy bills by £44 in second 2018 rise

British Gas will increase the average fuel bill of 3.5 million customers in its second price increase this year. The country’s largest energy supplier blamed the rising costs of wholesale energy prices for the 3.8% increase in standard variable tariffs (SVTs), which came just four months after April’s 5.5% rise, […]

Energy bills to rise for the vulnerable

Energy bills to rise for the vulnerable

Some of the UK’s most vulnerable households could see an increase of as much as £47 a year in their energy bills after Ofgem increased the cap on prices for the second time this year, as a result of higher wholesale costs. The UK industry regulator said the increase that […]