Energy bills to rise more than 80% to £3,549 from October

Ofgem has confirmed an 80 per cent rise in the energy price cap, sending the average household’s yearly bill to £3,549 from October. The cap will come into effect for around 24 million households in England, Scotland and Wales on default energy tariffs on October 1, and will remain in place until December 31, when it will be adjusted again.

Mr Brearley said: “We know the massive impact this price cap increase will have on households across Britain and the difficult decisions consumers will now have to make. I talk to customers regularly and I know that today’s news will be very worrying for many. “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.”

“Households need money in their pockets to weather this storm or we are going to see millions in dangerously cold homes, suffering in misery with unimaginable debt and ill health.Simon Francis, co-ordinator of the End Fuel Poverty Coalition, said: “Today’s Ofgem price hike is like a dagger to the heart of millions of people up and down the country.

Philippe Commaret, the managing director of energy giant EDF, has warned that half of UK households could be in fuel poverty in January as a result of rocketing prices, while Which? has urged the Government to raise its energy bills discount by at least 150% or risk pushing millions of people into financial distress.

Perhaps this is an opportunity for you drunken Scots to revise your priorities.🏴󠁧󠁢󠁥󠁮󠁧󠁿

Just a quick thankyou for ensuring Scotland remained shackled under English rule. At least we get to share our abject poverty with our English overseers. God bless The Vow !

'better together' eh? YouYesYet

United States United States Latest News, United States United States Headlines

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

Energy price cap to rise more than 80 per cent from October 1Ofgem has confirmed an 80.06% rise in the energy price cap, sending the average household's yearly bill from £1,971 to £3,549 from October.
Source: LeedsNews - 🏆 48. / 63 Read more »

Energy price cap to rise more than 80% to £3,549 from October 1, Ofgem confirmsThe cap will come into effect for around 24 million households in England, Scotland and Wales on default energy tariffs on October 1, and will remain in place until December 31. So we have gone from a choice between heating or eating to debt or death!!!! EnoughIsEnough dontpayuk Thank your lockdown lovers. This is nothing to do with Putin or Russia. Wake up
Source: Glasgow_Live - 🏆 4. / 97 Read more »

Energy price cap to rise more than 80% to £3,549 from October 1The cap will affect around 24 million households on default tariffs in England, Scotland and Wales. How's it a price cqp
Source: ShropshireStar - 🏆 98. / 51 Read more »

Energy bills to skyrocket after price cap hikes to more than £3,500 a year - as Ofgem calls on next PM to take actionYour energy bills are set to skyrocket - Ofgem has hiked the price cap to more than £3,500 a year Everybody on strike GeneralStrikeNow Clearly Ofgem is not fit for purpose So that is 40p an hour for energy not bad eh?
Source: LBCNews - 🏆 75. / 59 Read more »

Energy Bills Will Soar To £3,549 A Year From October, Ofgem AnnouncesFears raised that families will be forced to choose between “eating or heating” as the average energy bill is hiked by more than 80 per cent. And the energy companies, including the ones pleading to the government to “do something” will treat the cap as a target and raise prices to the max as soon as they are able. Maybe if one held back a little they would win customers off the others! Otherwise it’s simply a cartel.
Source: HuffPostUK - 🏆 108. / 51 Read more »

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 »