All the updated news related to energy prices

All the news related to energy prices updated in real time

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Scotland

Scots urged to seek advice on bills as energy prices soar

Residents have been urged to seek advice on bills as millions across the country face a hike in the cost of energy prices. As of Friday, the energy price cap is set to increase by £693 after regulator Ofgem hiked the price cap on bills to £1,791, ...

01 Apr 2022 at 01:25

Johnson rules out U-turn amid pressure to do more over cost of living crisis

Boris Johnson has claimed a “U-turn is the last thing we want” as Labour pressed him to do more to ease the cost of living crisis. The Prime Minister defended the financial help offered to Britons to deal with rising energy bills after Labour ...

09 Mar 2022 at 14:25

Energy cost rise to leave quarter of older households in ‘fuel stress’ – charity

Almost a quarter of older households in England will be in fuel stress – spending more than 10% of their after-tax income to stay warm – when energy prices go up next month, a charity has warned. Age UK has urged the Chancellor to do more to ...

11 Mar 2022 at 01:25

City

Sunak to announce support with energy price cap set to soar

Chancellor Rishi Sunak will announce support to ease the pressure on millions of households facing soaring energy bills. Ofgem is expected to announce on Thursday that the energy price cap is to rise by 50% because of soaring wholesale gas ...

03 Feb 2022 at 01:27

Scotland

Windfall tax on oil and gas profits could ease cost of living crisis – Labour

Train ticket price rises and increases to water charges should be shelved with more targeted support to ease the cost of living crisis paid for by a windfall tax on gas and oil firms’ profits, Scottish Labour has said. The party will lead ...

03 Feb 2022 at 01:26

Hydrogen blend could see energy bills surge 16%, report warns

Household energy bills could rise considerably if the Government and industry pushes ahead to replace some of the UK’s gas supply with hydrogen, a new report has claimed. The Government is considering plans that would blend 20% hydrogen ...

27 Jan 2022 at 00:25

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 ...

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, ...

02 Feb 2022 at 16:38

Labour demands action at Holyrood and Westminster on surging cost of living

Labour leaders have demanded both of Scotland’s governments step in to help people make ends meet ahead of an expected surge in energy prices. The party’s UK leader Sir Keir Starmer and Scottish chief Anas Sarwar are calling on ...

28 Jan 2022 at 10:25

UK inflation hits near 30-year high as food prices surge

Britain’s rate of inflation has rocketed to its highest level for nearly 30 years as the cost-of-living squeeze intensifies, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index ...

19 Jan 2022 at 09:25

UK inflation hits near-30 year high as food prices surge

Britain’s rate of inflation has rocketed to its highest level for nearly 30 years as the cost-of-living squeeze intensified, according to official figures. The Office for National Statistics (ONS) said Consumer Prices ...

19 Jan 2022 at 08:55

Bank boss warns inflation pressures may stay until the end of 2023

Bank of England boss Andrew Bailey has warned over mounting signs that inflation pressures may last longer than first thought. The Bank’s governor told MPs on the Treasury Select Committee that financial markets now ...

19 Jan 2022 at 16:58

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