All the updated news related to cornwall insight

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Energy bills could rise by another £1,000 if gas prices do not drop

Energy prices for millions of households could rise by another £1,000 by October, the boss of the industry body has warned as gas prices continue to soar. Emma Pinchbeck, chief executive of Energy UK, said the average household might be forced to ...

03 Mar 2022 at 13:55

City

Spike in energy prices expected as Ofgem brings forward price cap announcement

Energy regulator Ofgem will on Thursday reveal what is expected to be a crippling rise in energy bills for millions of households. The regulator said it is moving forward the announcement of the new cap on bills from next Monday. The new level ...

02 Feb 2022 at 11:26

City

Energy prices set to spike 50% research suggests as decision due Thursday

Ofgem is expected to let energy bills rise by a crippling 50% for millions of customers, according to the latest expert analysis. Ahead of the regulator’s crunch decision on Thursday, which will impact around 22 million households, energy ...

02 Feb 2022 at 16:38

British Gas pledges to donate 10% of profit as energy price cap expected to rise

British Gas has pledged to donate 10% of its profits during the energy crisis to help people struggling with rising bills. The money will be provided through the British Gas Energy Support Fund, which gives grants to those most in need. ...

25 Aug 2022 at 11:08

8.2 million UK households could be in fuel poverty after October, charity warns

One in three UK households could fall into fuel poverty if latest estimates that the average energy bill could reach £3,250 a year become reality, a charity has warned. Experts at Cornwall Insight said bills could rise from a current ...

21 Jul 2022 at 13:25

City

BP sees earnings hit 14-year high amid anger over energy firm profits

BP has revealed second-quarter profits more than trebled to a 14-year high as it joined rival Shell in reaping the benefits of soaring oil and gas prices. The oil giant reported underlying replacement cost profits – its preferred ...

02 Aug 2022 at 14:41

Almost £7 billion in profits ‘obscene’ as bills soar, BP told

The almost £7 billion in profit made by oil giant BP in the second quarter of this year have been described as “obscene”. On Tuesday the company announced underlying replacement cost profits – its preferred measure – jumped to a ...

02 Aug 2022 at 15:47

‘Unprecedented numbers’ of pensioners may die without energy bill help – charity

“Unprecedented numbers” of pensioners may die in their homes this winter without government help to pay spiralling energy bills, a charity has warned the Tory leadership contenders. Age UK has written to Liz Truss and Rishi ...

17 Aug 2022 at 01:01

City

‘Difficult to see how many will cope’ this winter as energy price cap soars

It is “difficult to see how many will cope” this winter, energy experts said, as a final prediction suggested the energy price cap will have tripled in just a year by October. Cornwall Insight said households will face an ...

22 Aug 2022 at 15:40

New dire price cap warning as energy bills look set to hit £4,200 in January

New dire price cap warning as bills look set to hit £4,200 in January

Energy regulator Ofgem is to blame for part of a massive increase in energy bills, experts said, as they forecast that the price cap will hit more than £4,200 in January. In a new dire outlook for households, Cornwall ...

09 Aug 2022 at 13:02

Households owe £1.3bn to their energy suppliers ahead of winter bill rises

Households already owe £1.3 billion to their energy suppliers two months before bills are set to soar by more than 80%. The overall debt bill is already three times higher than it was a year ago, experts at Uswitch ...

10 Aug 2022 at 01:01

News

Price rises that overwhelmed energy suppliers to hit consumers in 2022

Soaring gas prices consigned a string of energy suppliers to the graveyard in 2021, and will lead to runaway household bills next year as the sector continues to struggle. Energy suppliers had been paying 54p per ...

23 Dec 2021 at 10:33

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