Money saving guru Martin Lewis issued an important warning about the new energy guarantee in an emergency live show on Thursday night (September 22). Live on ITV, Lewis explained the new price guarantee intervention introduced by the government.
07.09.2022 - 21:27 / manchestereveningnews.co.uk
With the energy bill price cap increasing again in October, many households will be anxious about their finances this winter. Last month it was confirmed by Ofgem that the price cap - which regulates the amount that 24 million households pay for their gas and electricity - would soar by around 80%.
The price cap works by limiting how much the average home pays for power every year, if they pay by direct debit on a variable rate tariff. But the unprecedented rise will push the cap to £3,549 per year for the average household - the highest it has ever been.
Prime Minister Liz Truss confirmed she would set out a plan to save households and businesses from financial ruin as a result of soaring energy bills on Thursday (September 8). The package, in which she is expected to freeze household bills at around £2,500, will be set out in Parliament.
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Earlier this year, the government announced a £37 million cost of living support package to support people with rising prices. It includes the Energy Bills Support Scheme, giving households a £400 rebate to alleviate the pressure of rising energy bills this winter.
The discount will be administered by energy suppliers in six monthly instalments. People with a domestic electricity meter point who pay for their bills with a standard credit, payment card or direct debit will automatically receive a deduction.
Meanwhile traditional prepayment meter customers will be provided with Energy Bill discount vouchers in the first week of each month which will be issued via text, email or post, using the customer's registered contact details.
The discount will be provided on a monthly basis
Money saving guru Martin Lewis issued an important warning about the new energy guarantee in an emergency live show on Thursday night (September 22). Live on ITV, Lewis explained the new price guarantee intervention introduced by the government.
Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are set to deliver a 'mini budget' on Friday (September 22) to detail the government's plans to tackle the soaring cost of living.
five organisations representing the UK hospitality sector penned an open letter to the UK government amid the ongoing cost of living crisis. They highlighted “rocketing energy prices” that were forecast to become “a matter of existential emergency” this year, and demanded urgent government action to prevent a catastrophe to UK culture.Mark Davyd, MVT CEO, spoke to NME at the time about the true threat posed by the looming price hike.
With news that the government is set to introduce an energy bill price cap for businesses, hospitality owners are calling for the ‘fine print’ in a scheme that promises to discount bills for six months. The Energy Bill Relief Scheme will come into effect on October 1.
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.
Ethan Shanfeld Disney made quite a splash at its D23 Expo last weekend with a first look at Halle Bailey’s live-action “The Little Mermaid,” which earned over 104 million global views, Variety has learned exclusively. The clip takes viewers on a journey through the ocean before showing the shimmering underwater life of Ariel (Bailey), who teases her version of the iconic “Little Mermaid” song “Part of Your World.” “The Little Mermaid” teaser floated above those of all recent Disney live-action titles, including “Cruella” (68 million views), “Beauty and the Beast” (94 million views), “Alladin” (74 million views) and “Maleficent 2” (62 million views). Due to Queen Elizabeth II’s death on Thursday, “The Little Mermaid” metrics do not include views from the U.K., Ireland and Australia.
Ofgem has said it will continue to announce the cap on household energy prices, despite the UK Government saying it would guarantee lower bills for customers. The energy regulator said that it plans to still make the announcements every three months, as it continues to regulate how much suppliers can charge for their services.
Downing Street has said that "it does not believe" the death of the Queen will not affect plans to freeze energy bills. The confirmation comes after an official period of Nation Morning began at midnight on Friday, following the death of Queen Elizabeth II on Thursday afternoon (September 8).
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.
Amid the new Prime Minister's announcement that an emergency energy support package will be implemented from winter, many households may be concerned about how it will affect previously announced support.
A popular shopkeeper who came to the rescue of locals during the pandemic and Beast from the East could have to close his doors after being hit with a £30,000 energy bill.
Donelan was announced as the new Secretary of State for Digital, Culture, Media and Sport as incoming Prime Minister Liz Truss unveiled her cabinet.In response, the MVT has shared a lengthy post on social media, setting out the issues the sector is facing and what the government needs to do to help. After welcoming Donelan to the role, the organisation gave a detailed list of points, including the current energy crisis’ impact on grassroots music venues and the need to restructure high taxes and low subsidies, and extended an invitation to a Parliamentary event.“We need urgent government action on the energy crisis which threatens to permanently close hundreds of grassroots music venues,” the post reads.
Liz Truss has been accused of leaving it to working people to pick up the tab for the cost of living crisis.
Liz Truss will set out a plan to save households and businesses from financial ruin as a result of soaring energy bills tomorrow.
Manchester council is set to open public libraries as 'warm banks' this winter as the city faces a grim combination of falling temperatures and rising energy bills.