and said the solution to households struggling to pay bills is for the Government to spend more on subsidies.his company has around 750,000 customers using prepay and argues it helps them avoid spiralling into debt and the harmful effects of self-rationing their energy usage.
Following the spike in prices for gas and electric last year, many customers have struggled to keep up and found themselves in debt, leading energy companies to force them onto prepayment meters.found nearly half a million warrants had been obtained to perform the forced installation of prepayment meters since July 2021Campaigners say the meters are pushing the poorest households to self-disconnect but Mr Bullen said he believes this claim has been “somewhat overplayed”.
“Self-disconnection is happening all the time, it is happening more frequently [at the moment], but we see people use about 15 or 16 per cent more energy on prepay,” he said. He said: “We’re above water, but not by much. Nobody in the energy business wants to enforce hardship on people.The cap would have kept the average cost for a household down to £2,500-a-year for two years.The Government said earlier this month the EPG cost taxpayers £25 billion in the first six months and would cost a further £13 billion in 2023-24.“It was going to run for 18 months and cost £50bn.
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:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thousands of households set to get free £200 energy bill vouchers - but be quickTHOUSANDS of households can claim free £200 vouchers to help with energy bills – but you’ll have to be quick. The cash support comes through the Household Support Fund worth £…
Source: TheSun - 🏆 64. / 61 Read more »
Five money-saving hacks under £10 that could slash your energy billThere are several things you can do to try and slash your energy bills amid soaring prices, with one expert giving five things you can do for under £10. Here is what they recommend.
Source: Glasgow_Live - 🏆 4. / 97 Read more »
The Inflation Reduction Act Is Accelerating The Energy Transition | OilPrice.comThe Inflation Reduction Act has been a boon for the renewable energy industry, and even higher commodity prices aren’t dragging it down
Source: OilandEnergy - 🏆 34. / 68 Read more »
I got a free electric blanket worth £90 from my energy supplier - how to get oneGRANNY-OF-THREE Joyce Burke had no idea she was eligible for a free electric blanket from her energy supplier. And if it weren’t for her daughter’s advice telling her to check, the 75-y… The Brazilian government of President Lula wants to prevent opposition deputies from taking office to carry out the crazy things it plans to destroy South America, implementing its communist delusions. I get a free electric blanket, but thanks to this government and the energy companies I can't afford to run it. And what does it run on.?
Source: TheSun - 🏆 64. / 61 Read more »
Parents warned as paedophiles target kids desperate for viral Prime energy drink'Action Against Abduction' has issued a warning to parents over predators potentially using KSI and Logan Paul's energy drink as a 'honeytrap'.
Source: Glasgow_Times - 🏆 76. / 59 Read more »
Job risk as Shell considers quitting energy marketThe Coventry-based firm said tough market conditions had forced a review of the business. If Labour get in you won't exist as a utility supplier anyway.. Lets not bail them out too Conservatives Very worrying. The Cap is destroying energy companies, is it really necessary to be so aggressive? 30 energy companies gone already.
Source: BBCNews - 🏆 3. / 97 Read more »