Energy Bills Will Rise By 15% – 25% In The Next Ten Years Energy Bosses Tell Energy Select Committee

Energy bosses have been giving evidence to the Energy Select Committee and have told them that energy bills are likely to rise in the next few years.
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Consequence Of Wholesale Energy Prices

As the UK’s biggest energy providers increase their gas and electricity prices, Energy Choices – the independent service for consumers hoping to save money on their gas and electricity bills, investigates whether or not your energy bills rise as a consequence of wholesale energy prices. Read More

Wholesale Energy Prices Rise So Fix Now

As the sun continues to shine and we experience a “proper” summer it seems completely wrong to be thinking about winter fuel bills. However, The Daily Telegraph reports that the rise in wholesale gas and electricity prices over the last few weeks has meant that there are concerns that fuel bills are set to rise as a result. – In the past 10 weeks wholesale gas prices have gone up by 45% and electricity prices by 20% and as a result many of the cheaper tariffs are already being withdrawn. Read More

Wholesale Energy Prices Rise So Fix Now

Wholesale energy prices are rising after falling for the last two years leading to fears that gas and electricity bills will increase, reports thisismoney.co.uk. – While energy suppliers are slow to feed through falls in wholesale energy prices to customers they appear to be quicker at feeding in price rises. There are already signs that gas and electricity prices are set to rise as both Npower and Ovo energy have issued statements warning that tariffs are going to rise. Read More

Energy Companies Profits Rise As Wholesale Prices Drop

Ofgem, the energy regulator has said that energy companies on average made 40% more in profits per household during the winter after a collapse in the wholesale energy markets, reports The Times Online. After the fall in wholesale gas and electricity prices, companies including British Gas and E.ON, made an average of £105 for a dual fuel customer – up from £75 in November.- Ofgem did say though that increased margins may be short lived because, as we saw last week, British Gas cut its gas prices by 7% and it’s only a matter of time before other energy suppliers follow suit. Read More

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