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Energy price rises could be in effect ‘within weeks’

Energy bills could top £1,500 for the first time, leaving customers strapped for cash ahead of the cold weather months

cold couple bundled up warm clothes

Bills could rise by up to £142 per year

Citing an industry source, the Mirror said that bills could be set to rise by as much as £142 per year within the next few weeks. It is thought that the main providers will hike what they charge customers by 10% by November.

At three times the rate of inflation, this could represent a sizeable strain on the finances of consumers, especially at a time of the year when they will be using more gas to heat their homes.

‘Once one of the big six moves, the others are certain to follow’

The Mirror’s source said: “Unfortunately, we are expecting the announcement about price rises within weeks.

“Once one of the big six energy companies moves, the others are certain to follow. We’ll see rises that add more than £140 a year to most family bills.”

The rise would see the average annual cost of gas and electricity jump from the current rate of £1,420 to £1,542, the first time that the price of yearly bills has exceeded £1,500.

Energy companies ‘double profits’ in the space of a year

This comes at a time when Ofgem has just reported that energy companies have more than doubled their profit margins in the space of the last year.

It said that the big six were now bringing in £65 per household in terms of profit, a sizeable jump compared to the £35 seen at this time last year.

This latest raft of bill hikes will come at a particularly bad time for Brits, with a recent survey by the BBC stating that the cost of gas and energy is a worry for many.

It stated that 38% were already fretting over how they are going to be able to pay their gas and electricity costs this winter, with 63% deciding to ration their heating use in order to make sure they can afford their bills.

Read more

Winter energy bills worry 38% of Brits

As energy bills look set to rise, is now the time to fix?

  • Chris Ford

    Why not keep the points on your licence for 10 years like Drink Driving, & also encourage the Insurance Companies to penalize them in the same way financially. After all, a simple hands free radio can be bought & fitted for well under £100. Then double the fine if fitted & not used!!

  • Stuart Nutter

    Might as well be 100 points it doesn’t get enforced anyway.Its the least of my worries,darkened windows (Front),idiots pulling wheelies on motorbikes on public roads ,regular passing vehicles at 60mph on local 30mph streets……POT smoking….whilst driving..the POLICE are useless.with no TRAFFIC OFFICERS able to enforce the law…but we KNOW why! SCARED STIFF of enforcing the law unless you fit a certain category,Remember the 2001 riots?

  • Bill Aitch

    These creatures are guilty of Dangerous Driving, and should face a minimum of 5 years custodial, no discount, and anextended test on a fully laden 18 tonne artic, complete with a full Group 2 medical (@ least £60), renewable every year.

  • Me

    Nooo !!! Leave it at three points. All you hypocrits do it,ot’s just that you thing you will not get cought !

  • Christopher Floyd

    I still think it’s the conversation as much as holding the phone that’s the distraction (other than texting/scrolling) How many other times do drivers take one hand off the wheel, changing gear, cd, radio station? Then there’s the drink or sweets. Some drivers can’t talk to the passenger next to them without looking at them. When you talk to someone your brain is mainly trying to make sence of what the other person is saylng and form your responce, not on what is going on around you. It’s just the reverse of driving through an unfamiliar busy area with a cd/radio on? You hardly take in anything that your listening to. I mainly ride motorcycles and when doing so, the above do’s not include me. But when I drive and am on a motorway I relax one arm at a time as I suspect many do, without the car flying off onto the scenery.

    • Bill Aitch

      I always turn the radio/entertainment off when in traffic, or when negotiating an unfamilliar area, attempting to orientate myself with my location, or attempting find a location. I also find it much easier to pull over, and stop, in order to check a map, rather than attempting to read the map whilst actively driving. Years ago, we had educated/qualified co-drivers/navigators to do the map-reading for us, so much quicker,and easier. Sadly, this is no longer financially viable, and no one would apply for the vacancy anyway. They much prefer playing stupid games on ‘phones, at Benefit Office expense, rather than any form of honest, productive, toil.

  • Philip Hawkins

    I’m sick and tired of seeing people on their mobiles, it’s should be a zero tolerance ban, that will stop them, caught in traffic going no where or just shear ignorance

    Their caught on their mobile, taken their license away from them completely, make them do the test again coz clearly they didn’t understand it the first time. Period

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