On Wednesday, Ofgem revealed it had agreed that £1.8bn of costs resulting from the failure of 26 suppliers would be recouped through customers’ bills. The figure equates to £67 per household, with analysts forecasting it will rise to £90.
Stop the shareholder profits and nationalise
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Energy bills to soar 50% unless government intervenes, industry warnsHouseholds face another sharp rise unless the government intervenes to ease the impact of gas prices. Of course who hasn't. Time to re-nationalise the energy co's. So the bbc pushing every idiot green plan has resulted as expected, and now the bbc is looking for help from…. ‘The government’. I manage my dads energy bills as he has multiple health issues. Got an email today from Octopus saying his tariffs coming to an end. Going from £125 monthly to £341. Price comparisons show similar. Something needs to be done. This is not affordable
Source: BBCLondonNews - 🏆 115. / 51 Read more »
Energy bills could rise by 50% amid ‘national crisis’ of soaring UK pricesIndustry calls on government to intervene, with situation ‘looking pretty serious for the spring’ There's a lot of 'could' in media headlines these days. ‘Could’ rise? Feels like they’ve already risen by that much. Everyone is paying way more for their energy bills right now compared to just a few months ago. Gas and electric is getting more and more expensive. Try paying a 1600% markup price for spotty failing electricity during an emergency. And now paying a tax to cover industries' 'profit loss' on those who didnt have power as well, cause they failed to maintain safeguards on generators. Thats where we are in Texas, USA
Source: The Guardian - 🏆 84. / 53 Read more »
Gas and electricity bills ‘to rise 50% by spring’Household gas and electricity bills will increase by 50 per cent with typical costs reaching £2,000 a year, the energy industry has warned.Ministers are being u
Source: The Times - 🏆 71. / 59 Read more »