New scheme for companies, charities and public sector organisations to offer discount on wholesale prices
The chancellor, Jeremy Hunt, is poised to announce a cut to the financial support offered to businesses to help with their energy bills.
A new scheme to provide support for businesses, charities and public sector organisations at a less generous level than the current scheme is expected to be presented in the House of Commons on Monday.
Continue reading...Ministers missed crucial opportunities but should use energy windfall tax to speed up insulation efforts, committee says
A national “war effort” on energy efficiency is required to cut energy bills, reduce climate-heating emissions and ensure energy security, according to a cross-party committee of MPs.
Boosting efficiency in homes and businesses is the fastest way to cut energy use but the government missed a “crucial window of opportunity” last summer, the report from the environmental audit committee (EAC) said. The energy bills crisis was sparked by Russia’s invasion of Ukraine in February 2022, while political turmoil in the UK resulted in three prime ministers in office between July and October.
Continue reading...People with disabilities more likely to cut back on energy use and food, Resolution Foundation says
Disabled people in the UK are much more likely to struggle to heat their homes and cut back on food this winter, according to a report highlighting “massive” income gaps amid the cost of living squeeze.
Research from the Resolution Foundation found people with disabilities had an available amount to spend that was about 44% lower than that of other working-age adults, exposing them hugely to the rising cost of essentials.
Continue reading...Falls could lower cost of government subsidies and reduce risk of power cuts this winter
Economic forecasters could be forgiven for reading the outlook for 2023 through their fingers as strikes, cost of living pressures and a potential global recession paint a gloomy picture. But wholesale gas prices have offered a sliver of optimism, with a sharp fall in recent days. Here’s why they are tumbling – and what it means for consumers.
Continue reading...PM has reinstated ‘boring government’ but smooth relations with backbenchers are unlikely to last
At the end of one of the most tumultuous years of politics in decades, Rishi Sunak is confident he has successfully managed to calm Tory MPs and – in the words of one senior aide – “bring back boring government”.
He has sought to kick some controversial pieces of legislation into the long grass, performed quick U-turns and managed to satiate a parliamentary party with a seemingly unquenchable thirst for regicide.
Continue reading...Take care using candles and electric heaters, fire authorities warn, as Ofgem reveals gas and electricity bills are up by 86%
Fire authorities have urged householders to take care when using candles, wood burners and electric heaters to cut energy bills this Christmas after a spate of recent house fires.
Flat fires in Uxbridge and Harwich this month were caused by candles; fire chiefs in Cumbria, Hereford and Worcester reported more fires as householders used unswept chimneys and candles; and last month in Wakefield a blaze was caused by a tumble dryer being used overnight to save money.
Continue reading...Number of people unable to afford prepayment meter top-up is higher this year than in past six years combined
The monthly number of people that Citizens Advice helped with energy-related problems and issues rose to a record high in November, underlining the scale of the struggle with soaring costs of gas and electricity.
The charity said it was continuing to exceed its forecasts for the numbers of cash-strapped households turning to it for help because they cannot afford to top up their energy prepayment meter and therefore cannot perform basic tasks such as heating food.
Continue reading...John Lewis said sales are up sixfold on last year as people look to save on their heating bills
Hot water bottles are selling out around the UK amid the cold snap and efforts to save on soaring energy bills.
John Lewis said sales were up sixfold on last year with several popular models currently out of stock online including the department store’s own-label version with a fake fur protective cover.
Continue reading...Severely cold weather has come with low wind speeds, creating perfect storm to drive wholesale costs up
UK power prices have hit record levels as an icy cold snap and a fall in supplies of electricity generated by wind power have combined to push up wholesale costs.
The day-ahead price for power for delivery on Monday reached a record £675 a megawatt-hour on the Epex Spot SE exchange. The price for power at 5-6pm, typically around the time of peak power demand each day, passed an all-time high of £2,586 a megawatt-hour.
Continue reading...As temperatures plunge, fears grow for households struggling to pay for heating, food and warm clothing
More than 3 million low-income UK households cannot afford to heat their homes, according to research, as a “dangerously cold” weather front arrived from the Arctic.
The UK Health Security Agency has issued a cold weather alert recommending vulnerable people warm their homes to at least 18C, wear extra layers and eat hot food to protect themselves from plummeting temperatures.
Continue reading...New electricity price controls from 2023 to 2028 will keep costs to customers at about £100 a year
The operators of Great Britain’s local energy networks will be forced to spend more of their profits on investing to future-proof the country’s electricity grid, after the regulator, Ofgem, said it would not allow any rises in household bills.
In a new set of price controls that will run from 2023 to 2028, the energy watchdog said it would keep costs to customers unchanged at about £100 a year.
Continue reading...End Fuel Poverty Coalition fears energy suppliers are using warrants to disconnect poorest ‘by the back door’
Campaigners have called for an immediate ban on pre-payment meter (PPM) installations made under court warrants because of fears that energy suppliers are using them to disconnect the poorest, most indebted customers “by the back door”.
Energy firms’ licence conditions protect many vulnerable people from formal disconnection over the winter, but the End Fuel Poverty Coalition said transferring households on to PPMs, which require regular top-ups and charge for energy at a higher rate, often prompted people in debt to “self-disconnect”.
Continue reading...E.ON reports up to 15% drop as Grant Shapps writes to firms customers cutting back on energy use should not face direct debit rise
Britons have cut their gas and electricity use by more than 10% since October in the first evidence of the impact of the energy crisis on household habits, according to two of Britain’s biggest suppliers.
E.ON, Britain’s second-largest supplier, and the owner of Utility Warehouse have reported “double-digit” declines in recent weeks.
Continue reading...Kingfisher says sales of loft insulation roll more than double while smart thermostats rose by nearly a third
The B&Q owner, Kingfisher, has reported higher sales as fears over higher gas and electricity costs boosted demand for energy-efficient products including insulation roll and smart thermostats.
The retail group, which also owns the hardware trade supplier Screwfix, said customers who invested in a raft of energy-saving DIY products helped increase group sales by 0.6% to £3.3bn in the three months to October. When stripping out the impact of the weaker pound, sales were up 1.7%.
Continue reading...Regulator raises cap for start of 2023 by £730 but government limits typical bill to £3,000 from April
The energy regulator Ofgem has said its price cap will reach £4,279 from January – but households will be shielded by the government’s emergency intervention to keep a lid on bills.
Ofgem said the cap, which is adjusted every quarter, will increase by £730 for the three months from the start of next year. However, the government’s energy price guarantee (EPG) will limit typical household bills to £2,500. Analysts had expected the cap to sit at about £4,200.
Continue reading...Exclusive: Doctors suffering ‘moral distress’ at their powerlessness to help most vulnerable, says head of the Royal College of GPs
Ill patients are refusing sicknotes from their GP because they cannot afford time off work, while physicians suffer “moral distress” at their powerlessness to do more to help the most vulnerable, the new leader of Britain’s family doctors has revealed.
More patients are experiencing asthma attacks or other serious breathing problems because they cannot afford to heat their homes, said Dr Kamila Hawthorne, the chair of the Royal College of GPs, while many have reported deteriorating mental health due to financial stress.
Continue reading...Charity warns of ‘significant risk’ that those on old prepayment meters will be unable to redeem vouchers offering £400 discount
The poorest and most vulnerable people in the UK risk missing out on the energy bill support and cost of living payments they are entitled to, because of a lack of clarity over what is available from the government and how to get it, charities have warned.
Under the energy bills support scheme announced by Rishi Sunak when he was chancellor, all households are eligible for a £400 energy bill discount, paid across six instalments starting last month.
Continue reading...Jeremy Hunt expected to use autumn statement to announce rise in household energy price cap to as much as £3,100
Millions of UK households will pay more for their energy from next April under plans to cut the generosity of the government’s gas and electricity support scheme expected to be announced by Jeremy Hunt on Thursday.
The chancellor is likely to use his autumn statement to say the need to save money and reduce state borrowing will require the household energy price cap to rise from £2,500 to an expected £3,000 to £3,100.
Continue reading...Cost of living crisis affecting different generations in very different ways, says Resolution Foundation
Older people face a bigger income hit from surging energy costs this winter but younger households are more at risk of being unable to pay their bill or getting into debt amid the cost of living crisis, according to a report.
As households across Britain turn their heating on, the research by the Resolution Foundation thinktank found that older generations, in particular the over-75s, will spend a bigger share of their income, up from 5% to 8%, on their energy bills. For those under 50 the proportion is 5%.
Continue reading...Concerns grow that people relying on communal heating may not receive state discount promised
Thousands of people living in homes with centrally supplied electricity are still waiting to hear if and when the UK government will pay them the £400 promised under the energy bills support scheme.
While those living in conventional homes with standard electricity meters are due to receive their second monthly payment of £66, concern is growing among some of the several hundred thousand households that receive their electricity via a communal supply that they will not see any of the money they have been promised.
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