Live rolling coverage of business, economics and financial markets as price cap means average energy prices to rise for millions of households
Good morning, and welcome to our live rolling coverage of business, economics and financial markets. Millions of households across Great Britain will pay more for their gas and electricity bills from today as the biggest ever increase in energy bills takes effect. Ofgem’s price cap has risen by 54% to reflect higher wholesale energy costs that are now being passed onto consumers, adding to a growing cost-of-living crisis.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five million households face energy budget crunch as bills soar overnightBoris Johnson and Rishi Sunak condemned by Labour’s Ed Miliband for ‘refusing to go further to support the British people facing a cost of living crisis’
Read more »
Biggest jump in energy bills comes into effect today - follow liveBritish Gas, EDF Energy and Octopus Energy customers are facing difficulties
Read more »
Cost of living: Five million households now in 'fuel stress' as energy price cap rises to almost £2kThere are calls for an emergency budget as an unprecedented increase in the energy price cap is applied, with warnings of worse to come when bills start to reflect the effects of Russia's war in Ukraine.
Read more »
Biggest jump in domestic energy bills in living memory hitsThose spending at least 10 per cent of their total budgets on energy bills – was doubled overnight from 2.5 to five million
Read more »
Energy price cap: Bill shock for millions as rises hitA host of essential bills - dominated by energy - are rising from now with warnings of more to come.
Read more »
Households brace for Awful April as energy, tax and phone bills rise by thousands of poundsTax, energy, phone and council tax bills will rise by thousands of pounds starting from tomorrow, at the start of what has been nicknamed “Awful April”.A cockta
Read more »