Author name: Writing Team

Bosses of Energy Firms are calling for the Price Cap to be Scrapped

The CEOs of the UK’s top energy companies have urged the government to take action to avert a fuel poverty disaster next winter. While pre-payment customers were already feeling the consequences of increased bills, the chief executives told MPs probing energy costs that they anticipated the number of people in financial trouble to rise as time went […]

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Sunak announces £400 discount on energy bills & a Windfall tax

On Thursday, the Chancellor gave in to calls for the UK government to intervene to assist households cope with skyrocketing energy bills and soaring retail prices, which are being fueled by 40-year-high inflation, by announcing an emergency package of additional cash for millions of people. As part of Rishi Sunak’s plan to combat rising living

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Can more frequent changes to energy price cap solve the crisis?

The energy price cap, introduced by Ofgem in January 2019 to prevent energy suppliers from charging customers too much for their energy supply, is the maximum amount that a supplier can charge for an average energy consumption. The price cap, therefore, determines gas and electricity prices for 22 million households across the country. As Sky

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Why is the UK dealing with an energy crisis and some countries have low energy bills?

Due to the ongoing energy crisis, consumers in the UK have been seeing frequent increases to their energy bills. In April, the UK faced an unprecedented rise in energy bills after the price cap, regulated by Ofgem, increased by 54%. The change pushed thousands of households around the country into fuel poverty, making it difficult

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