The past year has tested supply chains in ways few predicted. Port backlogs across Europe and Asia collided with climate shocks on key waterways, while geopolitical flashpoints and shifting United
Business Electricity Standing Charges to Skyrocket by 2030, Analysts Warn
Forecast Shows Businesses Will Pay £208 Per Day in Standing Charges by 2030.
Ovo is set to pay £2.4 million for not properly handling customer complaints.
Energy supplier Ovo has agreed to pay a £2.4 million penalty for mishandling customer complaints, according to regulator Ofgem.
UK Energy bills to drop to their lowest in two years.
Gas and electricity bills are anticipated to drop to their lowest levels in over two years following the easing of the energy crisis sparked by Vladimir Putin’s invasion of Ukraine.
Petrol prices exceed 150p per litre, delivering a setback to drivers.
According to the AA, petrol prices have climbed above 150p per litre on average for the first time in five months, posing additional challenges for drivers.
Petrol prices set to increase, impacting millions of drivers.
Drivers may soon pay over 150p per litre for fuel following substantial price increases, raising concerns about potential profiteering at petrol stations.
Gas prices return to levels seen before the energy crisis.
Wholesale gas prices have returned to levels not seen since before the onset of supply constraints by Vladimir Putin, indicating a shift in Europe’s energy crisis situation.
UK Energy bills to fall by £238 a year
From April, average household energy bills are set to decrease by £238 annually, following new limits set by regulators on energy suppliers.
UK Energy Costs Expected to Decrease Significantly in Ofgem’s Recent Cap Announcement
Energy tariffs are anticipated to decrease by up to 15% starting in April due to a reduction in wholesale prices.
Concerns over inflation rise with a 3p increase in petrol prices
In just three weeks, petrol prices have surged by 3p, sparking inflation worries for the Chancellor ahead of next month’s Budget announcement, according to recent data.
UK energy bills for households expected to reach a two-year low
Analysts predict a significant decrease in household energy bills, with an expected £293 annual reduction starting in April, following the implementation of the next Ofgem price cap.
Ofgem proposes increasing domestic energy charges to safeguard supplier interests
Ofgem plans to raise household energy bills to support suppliers in the wake of consumer debts reaching an unprecedented £3bn.