Energy price cap means bills have fallen – but experts warn costs will soar later

The energy price cap is increasing – but experts warn it could jump again later in the year The energy price cap will fall by 7 per cent today but experts have warned that households are still paying around 40 per cent more

This is because they have paid almost £2,000 more, or an average of £650 a year, for energy, according to analysis by the Energy and Climate Intelligence Unit . Simon Cran-McGreehin, the head of analysis at ECIU, said: “The UK’s high dependence on gas for electricity generation and heating has cost bill payers £2,000 so far during the gas crisis and the economy as a whole tens of billions of pounds.”

Mr Cran-McGreehin added: “Common sense measures like investing in insulating the poorest homes, switching to electric heat pumps and fast-tracking British renewables will leave us less vulnerable to the whims of the international gas markets.”

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.

Energy supplier complaints: EDF and Utilita energy ranked worst for customer service by Citizens Advice🔍 Citizens Advice has revealed shocking customer service ratings in its latest energy supplier report 😡
Source: LeedsNews - 🏆 48. / 63 Read more »

The best money-saving energy tariff for those who use more energy at nightBillpayers could save themselves a significant amount of cash throughout the night with one particular tariff
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Octopus Energy to pay customers to use their ovens in 'world first' energy dealThe energy firm said its new Agile tariff policy will pay customers to switch on appliances - but there's a catch.
Source: Daily_Record - 🏆 9. / 89 Read more »

Rising Star Octopus Energy Signs Energy Storage DealGresham House Energy Storage Fund has announced a landmark agreement with Octopus Energy, one of the UK's largest andfastest-growing energy suppliers.
Source: OilandEnergy - 🏆 34. / 68 Read more »

The Key Takeaways of the 2024 Statistical Review of World EnergyThe Energy Institute's 2024 Statistical Review reveals record highs for both energy consumption and emissions, with renewables making significant gains but fossil fuels still dominating the global energy mix.
Source: OilandEnergy - 🏆 34. / 68 Read more »