The cost of living squeeze is going to get tighter this month as millions of households face soaring bills on top of a 1.25 percentage point National Insurance Contributions hike to help pay for health and social care across the UK.
14.03.2022 - 20:01 / manchestereveningnews.co.uk
The cost of gas and electricity bills is set to rise next month following Ofgem's energy price cap announcement. The energy regulator has revealed that the price cap will increase by 54%.
The energy price gap is the maximum amount that suppliers can charge customers for each unit of gas and electricity they use. And with it rising on April 1 it means bills will increase from £1,277 to £1,971 for an average household. Energy companies will be contacting customers this month ahead of the increase, explaining what the changes mean for customers. Money Saving Expert founder Martin Lewis has offered his advice on what Brits should be doing before their energy costs soar, which you can read about here.
The increase in energy bills is due to a high demand for gas combined with a reduced supply, which caused wholesale prices to rise considerably above the price cap. This has been influenced by a surge in demand for energy as countries reopened their economies after lockdown and has also been exacerbated by a reduced gas supply coming from Russia into Europe.
Read more:Everything you need to know about the energy crisis if you are an SSE customer
The amount that customers' bills will increase by will depend on how much energy they use. Prepayment customers are predicted to see a jump of £708 from £1,309 to £2,017. So what does this mean if you are a customer with British Gas?
British Gas are one of the big six energy companies in the UK and supply millions of homes. Below is our guide to everything you need to know about the energy crisis if you are a British Gas customer.
British Gas has revealed that based on a typical household, credit customers will pay £693 (excluding VAT) more on their annual energy bill, which will
The cost of living squeeze is going to get tighter this month as millions of households face soaring bills on top of a 1.25 percentage point National Insurance Contributions hike to help pay for health and social care across the UK.
Submitting meter readings, normally a straightforward task, became a dilemma after several energy websites crashed.
Money Saving Expert founder Martin Lewis has warned people not to break the law ahead of gas and electric bill increases after fans questioned him about their meter readings. From April 1 households all across the UK will see a sharp increase in their energy bills, but there are ways to mitigate the sharp costs.
Energy regulator Ofgem has issued advice to consumers who are experiencing issues with submitting their meter readings. It comes just a day before energy bills are set to skyrocket due to an increase in the energy cap for suppliers.
Martin Lewis' frustration was clear to see as he appeared on This Morning on Thursday. It comes after a heavy TV and radio presence from the Money Saving Expert founder ahead of energy prices rocketing on Friday (April 1).
Energy company E.On has blamed the Money Saving Expert Martin Lewis for the industry-wide website crashes that are occurring ahead of the energy price cap increase tomorrow. E.On's said on Twitter that 'Martin has once again created unprecedented demand bringing down Britain'.'
Energy providers are struggling to keep up with the demand from Scots eager to log meter readings ahead of a 54% rise in the energy price cap.
As energy bills are set to soar even further as the cost of living crisis continues to pinch it can feel daunting to consider the arrival of your next bill. Next month, energy prices will increase by around 50% across the board affecting every user in the UK. Most energy firms are increasing their standard tariffs to the maximum allowed by the Ofgem price cap - £1,971 - from April 1.
Martin Lewis has beckoned people to look closely at the fixed rates on offer as the cost of living crisis spirals. The energy price cap will rise to £1,971 a year for the average household this Friday (April 1).
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Peter Phillips attended Prince Philip's thanksgiving memorial service on Tuesday accompanied by his two daughters. Princess Anne's only son was not joined by the girls' mother, his ex-wife Autumn Kelly, and walked the aisle of the Abbey by himself. However, behind the scenes the Queen's grandson Peter, 40, is dating oil heir Lindsay Wallace who was not present at today's service.The pair are believed to have grown close following the breakdowns of their respective marriages and she's even met the Queen.
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If you're paying your energy bills using a direct debit, then Martin Lewis is here with a warning ahead of the price hike.The Money Saving Expert founder has received a surged of questions from worried bill payers ahead of the price rise, which will see most bills rise by £693 from April 1. Martin, who donated £50,000 out of his own pocket after a This Morning phone-in, has been urging the government to do more to help people ahead of the rise, as well as providing a huge amount of advice for those in need. And he recent took to Twitter to address a question most have regarding their energy bills.
Gas and electricity bills are set to rise on April 1 as a result of the energy price cap increase. The energy price cap is the maximum amount that all UK energy suppliers can charge for each unit of gas and electricity.
Money Saving Expert Martin Lewis has issued a warning to anyone who uses direct debit to pay for their heating bills.
Martin Lewis has warned the cost-of-living crisis will be "the worst" that Brits have faced in 22 years including covid and the financial crash.