A leading anti-poverty charity has blasted the SNP/Green Government plan to tackle the cost of living crisis.
04.02.2022 - 16:27 / manchestereveningnews.co.uk
Households face paying hundreds more for their energy bills from April as prices continue to soar.
Ofgem announced that the energy price cap will rise by 54 per cent - adding an extra £693 onto the average annual bill.
But what is causing the current energy crisis and why are we paying so much more?
READ MORE: 'I haven’t put the heating on all through the winter': People on the streets of Manchester react to the energy price cap
Chancellor Rishi Sunak explained that the rise in energy costs was a global problem, not just one affecting the UK.
Here, we take a look at what's behind the rising prices.
It all comes down to the fact that the wholesale price of gas has soared in recent months.
Gas prices are currently around four times higher than they were a year ago.
There is not one single cause for surge in prices, but people, companies and countries generally are having to compete with each other to buy up gas.
During last year's long winter, countries in Europe and Asia burned through a lot of their gas reserves to heat homes, while demand is also higher than usual as the world comes out of successive lockdowns and businesses try to make up for lost time.
Meanwhile, gas production is also lower, and the weather was less windy over the summer – causing more gas to be burned for electricity.
Between them, many of these factors have increased demand and reduced supply, a situation which will almost always lead to higher prices.
Ofgem's price cap sets the maximum amount that energy companies are allowed to charge to their customers for each unit they provide.
Until now, Ofgem’s price cap has protected customers as energy companies have to take the hit of rising prices.
However, the cap is reviewed every six months, and
A leading anti-poverty charity has blasted the SNP/Green Government plan to tackle the cost of living crisis.
As the Oscars wrestle with grabbing a larger millennial audience, the dissing of tentpoles in the Best Picture category continues this year. In addition to AMPAS voters overlooking the sixth highest grossing movie ever at the global box office, Sony/Marvel’s Spider-Man: No Way Home ($1.77 billion) for Best Picture, they also snubbed Daniel Craig’s swan song as James Bond in MGM/UAR/Eon’s No Time to Die in that slot as well.
Scotland’s Energy Secretary has warned of a “real risk” people could die in the months ahead with the country facing its highest hike in fuel bills yet.
An Ayrshire mum who suffers an extreme allergic reaction when exposed to the cold says energy price hikes are 'an additional burden' she now had to contend with.
Martin Lewis has been praised by viewers for challenging Chancellor Rishi Sunak about support measures the UK Government has announced to help millions of households across the country cope with the “sickening” rise in energy prices coming in April.
It was announced today that the energy price cap will rise by 54 per cent in April.
Residents face massive energy bill hikes of around £700 in a “devastating blow” for families across Dumbarton and the Vale.
The £693 rise in energy bills this April will be a “hammer blow” for Scottish households, consumer campaigners and politicians have warned.
Nicola Sturgeon has said the Scottish Government will pass on "every single penny" of extra cash it receives from Westminster to ease the cost of living crisis.
Following the announcement by Chancellor Rishi Sunak that households in a certain council tax band will receive a rebate on utility bills, you may be wondering if you qualify.
More than £200 million of funding is expected to come to the Scottish Government from the UK Treasury to offset the huge rise in energy bills.
highest quarter in two years but still lost over $100 million, despite revenue soaring in Q4 2021 compared to the same time in 2020 when many theaters remained shuttered ahead of the vaccines. AMC also had some help throughout the pandemic thanks to its position as a “meme stock” from retail traders, which enabled the company to sell shares at an inflated price.
James Bond film No Time To Die, said she was “proud” to hear of the nomination.“The EE Rising Star Award is one I’ve always admired for recognising exciting emerging talent,” she said in a statement.“I’m so elated for my fellow nominees who inspire myself and others, as we continue to fight for change within our industry and the world. I’m proud to be able to do that in moments like these.”She is nominated alongside Ariana DeBose, whose starring role in Steven Spielberg’s West Side Story, received widespread acclaim.DeBose said of her nomination: “I am beyond humbled to join the talented group of actors that have been nominated for the EE Rising Star Award over the years.