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Science

Cost of living: Keir Starmer set to call for energy price cap freeze

Cost of living: Keir Starmer set to call for energy price cap freeze BBC Source link

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UK

POLL: Should the energy price cap rise be scrapped?

Energy bills are predicted to top £5,000-a-year next year according to the most pessimistic forecast. Experts from Auxilione, an energy consultancy, warned that regulator Ofgem could set the cap at £5,038 per year from April 2023. They also predict that the cap could reach around £4,400 by January. Meanwhile, energy regulator Ofgem has said: “The […]

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Science

Heat pump fury: Truss urged to scrap ‘unfair’ taxpayer-funded scheme as price cap surges

New horror predictions from experts have revealed that the energy price cap (annual maximum tariff) could soar to £4,200 by January. With the skyrocketing bills largely due to surging costs of wholesale gas across the globe, the Government has been scrambling to wean the country off this energy source with alternative measures. Heat pumps are […]

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Finance

‘First thing’ to do if you can’t pay energy bills – price cap now forecast to hit over £5k

The warning comes from experts at independent energy consultancy company Auxilione at a Downing Street meeting earlier today. The news will be devastating for British households who are already struggling to pay average energy bills of £1,971 a year. The energy price cap has already risen from £1,277 to £1,971 this year and have been […]

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Finance

Energy bill warning: Households urged to ‘speak your provider’ as price cap to hit £4,266

“Households desperately need to know that sufficient financial support will be provided. If you are behind on your bill payments, or your energy account is going into debt, speak to your provider as soon as possible. “They should be able to help you find a solution, such as working out a more affordable payment plan. […]

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Science

Energy bills: Ofgem warned as new horror forecast sees price cap ABOVE £4,000 in January

Households in the UK could be in for a tough winter as an analysis by Cornwall Insight has predicted that the January Default Tariff Cap on energy bills could reach the equivalent of £4,266 a year for the three months to March 2023. They also found that the price of energy bills for October is set to […]

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UK

‘Action now!’ Cornwall revolt as musician demands second home cap to stop locals fleeing

A Cornish musician has demanded tougher measures on holiday homes such as a higher council tax on second properties to prevent long-established communities from dying out as wages fall behind rushing house prices. The songwriter, Sam believes the expansion of second home ownership in Cornwall has had a devasting social impact and is “destroying a […]

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US

MANA is Manna? Decentraland pushes Metaverse market cap, but here’s the caveat

Decentraland, ApeCoin, and The Sandbox are leaders of the Metaverse space. Especially since together, they hold about 40% of the entire market capitalization of Metaverse tokens. With the broader market’s cues turning bullish, these cryptocurrencies were bound to be affected. In fact, led by the Decentraland, their rise pushed the sector’s market cap above $15 […]

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Finance

Brits threaten to stop paying bills if price cap rises – claims ‘no other way to stop it’

The goal of the Don’t Pay UK movement is to stop Ofgem’s hike to the price cap through the threat of “mass non-payment” from energy customers across the UK. Aquayemi-Claude, 24, has signed up to the Don’t Pay UK movement after coming across it on social media. Thousands of others have also discovered the campaign […]

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Finance

Energy bill warning: ‘Hammer blow to millions’ of pensioners as price cap to hit £3,600

Citing the forecast that energy bills will exceed £3,600 in the New Year, the pensioner expert warned of the dangers posed by such a price hike during one of the coldest months in the year. She added: “We are very concerned that a January price rise will hit consumers with a bill increase during the […]