Seven out of 10 pubs could close this winter unless they get urgent government support to combat soaring energy bills, Parklife and Warehouse Project founder Sacha Lord has said.
26.08.2022 - 12:35 / dailyrecord.co.uk
Regulator Ofgem today announced that the typical household energy bill will hit £3,549 a year from October 1. This is a huge increase on the current energy cap of £1,971 for the average household.
The energy cap limits how much providers can charge customers in Scotland, England and Wales. The price of electricity will rise on average from 28p per kWh to 52p in October-December and gas will go up from 7p to 15p per kwh.
Scottish Power is advising its customers that there is help available for people who are struggling to pay their energy bills. This includes the Warm Home Discount Scheme and the Hardship Fund.
Read more: British Gas offering £1500 off energy bills to customers from different suppliers
Energy prices are rocketing across the world due to a number of factors. Russia's illegal invasion of Ukraine has put prices up due to the soaring cost of their gas which is exported across the world.
A long winter in Asia and Europe last year and countries emerging from the covid pandemic led to higher energy use internationally. It meant stocks were used up faster than normal which has hit consumers.
Scottish Power is pointing people to various ways they can get help with rising bills. These include:
The boss of Scottish Power has proposed to the UK government that the energy price cap should be held for the next two years. Chief executive Keith Anderson presented the plans this week to Business Secretary Kwasi Kwarteng.
The plan would cost £100bn – the figure is Scottish Power's best estimate of the difference between what it will actually cost to buy the energy and the current price cap. The so-called deficit fund would be repaid through bills over the next 20 or so years.
Martin Lewis issues new energy bill warning for
Seven out of 10 pubs could close this winter unless they get urgent government support to combat soaring energy bills, Parklife and Warehouse Project founder Sacha Lord has said.
Prime Minister Liz Truss has announced a new energy price guarantee which will hold average household bills to no more than £2,500 for the next two years running up to a general election.
Money Saving Expert Martin Lewis has warned that Brits can be charged £273 a year without using any energy at all. With energy prices rising at an alarming rate, many people are being forced to choose between heating their homes and eating.
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The cost of charging an electric vehicle at home and at public charge points is set to increase following the Ofgem price cap rise, which will come into place on October 1.
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Rylan Clark hit back at viewers who accused him of being 'too rich' to understand the energy crisis as he hosted ITV's This Morning alongside Ruth Langsford on Friday morning. It came as the pair reacted to the news that the energy price cap would soar by around 80 per cent to £3,549 from October.
Energy bills are set to rise again when a new price cap comes into effect in October. On Friday, Ofgem announced that the energy price cap would be set at £3,549 this autumn - an increase of around 80 per cent on the current cap of £1,971.
Rylan Clark was forced to hit back at This Morning viewers on Friday after many suggested that he didn't need to worry about the rising price of energy bills. Rylan, 33, has been hosting the ITV show alongside Ruth Langsford, 62, over recent days while Phillip Schofield and Holly Willoughby continue to enjoy their summer break. On 26 August it was announced that the energy price cap is set to increase again from 1 October, and Money Saving Expert founder Martin Lewis appeared on Good Morning Britain, This Morning and Lorraine to provide advice.
Like the rest of the country today, This Morning hosts Rylan Clark and Ruth Langsford reacted to the rocketing energy price cap amount that was confirmed earlier by Ofgem.
Martin Lewis has made an urgent plea to the government and future prime minister as households prepare to brace for the increased energy price cap in winter.
The energy price cap will rise yet again in October, soaring to £3,549 in the autumn. Regulator Ofgem announced the increase on Friday (August 26) and said the new price cap will last for three months until October 1.
Martin Lewis has called the new energy price cap "devastating" and has warned that "lives will be lost", as rising costs will put vulnerable people at risk.
The UK’s cost of living crisis is getting worse with many expert warnings about rising bills leaving many worrying about how they will survive the next few months. With autumn and winter approaching many are fearful of a hike in bills and in particular energy bills as they look at how they will keep their homes warm in the colder months.There have been warnings of energy bills surpassing £5,000 next April, according to a recent shock forecast.
As energy costs continue to soar with Autumn fast approaching leading to a drop in temperatures across the country, keeping tabs on your usage is more crucial than ever. Over the last few months, Martin Lewis has warned Brits about the surge in electricity and gas prices, leading to a cost of living crisis that is only bound to get worse once winter arrives.There have been warnings of energy bills surpassing £5,000 next April, according to a recent shock forecast. With many people worried about how they are going to pay their bills it's important to try and reduce energy usage as much as possible.
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Household energy bills continue to soar as Ofgem increases the price cap once again. Which is why Martin Lewis, the man behind the Money Saving Expert, is urging bill payers to look into fixed tariffs as it may work out cheaper, including for Octopus Energy customers.