The chief executive of Ofgem has urged the incoming prime minister to do more to deal with the impact of energy price rises as the cap on energy bills soared 80% to £3,549 per year.
Jonathan Brearley said the Government would need to add to the support it announced in May when bills were only expected to jump to £2,800. “The Government support package is delivering help right now, but it’s clear the new prime minister will need to act further to tackle the impact of the price rises that are coming in October and next year,” Mr Brearley said.
“We are working with ministers, consumer groups and industry on a set of options for the incoming prime minister that will require urgent action. “The response will need to match the scale of the crisis we have before us. With the right support in place and with regulator, government, industry and consumers working together, we can find a way through this.”
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BREAKING: Energy price cap will rise to £3,549 in October, Ofgem announcesThe average household's yearly bill will soar amid the worsening cost of living crisis If that's by how much, the energy distribution costs, the business models of our energy companies is broken. The should be declared bankrupt! Anyone fancy a riot at some point? Because the only way now anyone in Westminster will do anything is if we change who is in Westminster. UKLabour will not reverse these caps, they will just allow them to continue whilst real families struggle
Source: MENnewsdesk - 🏆 23. / 69 Read more »
Typical energy bill to rise by 80% in OctoberOfgem's new price cap means a household using a typical amount of energy will pay £3,549 a year. What a surprise. From going to heavily in debt to BritishGas for both gas/electric to a clear account last year am dreading the day when the bill does actually arrives on the door step. A minority braces themselves for record profits and share dividends. The government:
Source: BBCNews - 🏆 3. / 97 Read more »
'Bleakest Christmas' for millions as energy price cap rises to £3,549 in OctoberThe cap will come into effect for around 24 million households in England, Scotland and Wales on default energy tariffs
Source: LiveLancs - 🏆 10. / 87 Read more »
Energy price cap to rise to £3,549 on October 1 in brutal cost of living blowThe energy price cap will rocket by 80% from £1,971 - and it is expected to go even higher throughout the winter. As long as my man Boris keeps going to Kyiv every two months, I'm okay with that. ofgem Conservatives and all the energy companies (who make BILLIONS of pounds in profit every year) are lining each others pockets and royally taking the piss out of the people.
Source: MetroUK - 🏆 13. / 82 Read more »
Energy bills to rocket to £3,549 a year as price cap hike confirmedENERGY bills are set to rocket to £3,549 on average per year, piling further misery onto households. The energy regulator confirmed the new price cap, which comes into effect on October 1, this mor… Ridiculous that people just accept this. If a majority REFUSED to pay, what could the government do? Cut off the whole country, erm I don't think so. Most people are like sheep, they just do what they are told... 🤮 I can't afford to pay it. Simple as that. Do I now hide my belongings so the bailifs can't take them away? This was Great Britain....its now a Broken Britain...sad times!! And you were slamming Corbyn for his plans potentially causing cap to reach £2,000. Don’t see you calling Conservatives out though.
Source: TheSun - 🏆 64. / 61 Read more »
Energy bills to soar for millions as price cap hiked to £3,549'My mum already can't afford her bills.' Kim Eldridge, a campaigner from Don't Pay UK, responds to the increase in the energy price cap to £3,549 and says it means 'debt or death for a lot of people'. 📺 Sky 501, Virgin 602, Freeview 233 and YouTube Moving in with family members to save money. Very sensible 👏 Where is the rest of the interview You cut her off
Source: SkyNews - 🏆 35. / 67 Read more »