Tag: energy bills

400,000 more English homes in fuel poverty

400,000 more English homes in fuel poverty

An increase in the price of gas and electricity price at the end of 2011 is estimated to have pushed 400,000 more homes in England into fuel poverty, according to the Department for Energy and Climate Change (DECC). The new projections show that 3.9 million homes in England were in fuel poverty at the end [...]

May 17, 2012 | 0 Comments More
UK inflation surges to 5.2% in September

UK inflation surges to 5.2% in September

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) accelerated to annual rate of 5.2% last month from August’s rate of 4.5%. The rate represented the highest since September 2008 and it has never exceeded this rate since the CPI measure was first calculated in 1997. Higher inflation continues to be led [...]

October 18, 2011 More
Energy bill hikes will speed up inflation rate

Energy bill hikes will speed up inflation rate

According to Spencer Dale, the Bank of England’s chief economist, UK inflation is set to accelerate due to soaring energy bills. The latest figures from the Office for National Statistics (ONS) revealed UK Consumer Price Inflation (CPI) rose to annual rate of 4.5% in August from July’s rate of 4.4% - more than double the [...]

September 29, 2011 | 0 Comments More
Accountant fails energy bill test

Accountant fails energy bill test

Energy tariffs are so complicated that even an accountant could not calculate how much they should be paying, according to latest research from Which?. The consumer group asked 36 people including a solicitor, an engineer and an accountant, to work out their domestic energy bill using only the information from the supplier’s website, and a [...]

September 22, 2011 | 0 Comments More
UK High Street in for a challenging time says think tank

UK High Street in for a challenging time says think tank

Respected think tank, Ernst & Young ITEM Club, has today said UK retailers are in for a tough time as household incomes become even further squeezed amid rising inflation and soaring energy bills. The think tank is forecasting consumer spending to rise by just 2% a year in the next decade as family finances are [...]

May 16, 2011 | 0 Comments More
Fuel poverty soars amid higher energy prices

Fuel poverty soars amid higher energy prices

Statistics from the Department of Energy and Climate Change have revealed that fuel poverty has more than doubled in the last five years amid rising energy prices. Anyone spending over 10% of their household income on heating their homes are said to be in fuel poverty. The figures show that an increasing amount of people [...]

October 14, 2010 | 0 Comments More
British Gas profits surge record 58%

British Gas profits surge record 58%

Operating profits at British Gas soared by 58% last year to £595 million, compared with £379 million in 2008. Its parent company Centrica said the figures beat the previous high of £573 million in 2007. While British Gas announced earlier this month it was reducing its gas prices by 7%, the results will no doubt [...]

February 25, 2010 | 0 Comments More
Direct debit cheapest for energy

Direct debit cheapest for energy

Householders have been advised that paying for energy bills by direct debit is the cheapest option. Price comparison site uSwitch.com issued the advice after it discovered a 7.3% drop in the number of people choosing to pay by direct debit. The number of customers signing up for fixed monthly direct debit payments when changing their [...]

August 24, 2009 | 0 Comments More
Household running costs down 17%

Household running costs down 17%

The cost of running a home in the UK has plummeted to a three year low, according to new research from Halifax. A study by the bank found that the cost of owning and running a household has fallen by nearly a fifth during the past twelve months to the lowest level since 2006. Household [...]

June 30, 2009 | 0 Comments More