![]() It’s expected to save 4 million cash-strapped households around £45 a year. At the moment people on pre-payment meters pay more - to cover the cost of installing the meters - but this will stop in July. There will also be an end to the system where those who can least afford it pay the most for their energy. Read more: Energy price cap explained: What Ofgem’s new rate means for you A price hike would have tipped an awful lot of them over the edge. Around half of us are already finding it difficult to pay the bills, and more than one in 20 have fallen behind - rising to almost one in 10 among those in their 30s and 40s. This will come as a massive relief for millions of people. ![]() The energy price guarantee was set to rise from £2,500 to £3,000 in April, but now that wholesale prices have dropped, the cost of the guarantee has plummeted, so the government is likely to decide it can wear the cost of keeping the current limit in place. We’re expecting good news on energy bills. It means we already know a lot about what’s going to be in the budget - and five of the changes could have a significant impact on our pockets. Just six months on from the chaos of Kwasi Kwarteng's mini-budget, he needs to be boring and predictable. Photo: Peter Nicholls/ReutersĬhancellor Jeremy Hunt can’t afford to deliver a dramatic budget. We already know a lot about what’s going to be in the budget - and five of the changes could have a significant impact on our pockets.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |