Cost of living: Energy bills forecast to hit £3,615 a year

  • 📰 BBCLondonNews
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Australia Australia Headlines News

Australia Australia Latest News,Australia Australia Headlines

The energy price cap is expected to go up again in October.

It is based on the price energy suppliers pay producers for electricity and gas.Many families are already facing soaring costs, with UK inflation - the rate at which prices are rising -Last week, personal finance expert Martin Lewis said people would be "panicking" over their energy bills, and"It's going to throw many households into a terribly difficult financial situation," he told the BBC.

Households will see a discount of £66 applied to their energy bills in October and November, and £67 a month from December to March 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Share evenings with a neighbour.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 115. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Shameful’: SNP blast Tory response to rising energy billsTHE Tory leadership contenders have been accused by the SNP of a “shameful” failure to set out plans on how to help households with rising…
Source: SunScotNational - 🏆 49. / 63 Read more »

Energy bills through the roof? Same, here are 6 really simple but effective hacks to save energy (and money)Copy and paste these into your notes, stat.
Source: GlamourMagUK - 🏆 2. / 98 Read more »

West eases efforts to restrict Russian oil trading as inflation and energy fears grow\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »

The UK has an energy security problem but does not want to admit it\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »

Glasgow mum 'walks about shopping centres' to keep warm amid rising energy costsMargaret Morris, 51, says she hasn’t switched the gas central heating on at her home in the Haghill area, where she lives with disabled son Scott, for the last four years.
Source: Glasgow_Live - 🏆 4. / 97 Read more »

The £400 energy payment details and when households will receive itThe £400 discount will be administered by energy suppliers
Source: nottslive - 🏆 96. / 52 Read more »