energy prices

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UK families to lose out on more than £2,250 from not owning our own energy

TUC publishes proposals for a publicly owned UK 'energy champion' company to return profits from UK energy assets to UK people

UK families could benefit by at least £2,250 – and up to £4,400 – over the next two years if Britain had the same public ownership of energy as other countries, according to TUC research published today (Saturday).

The analysis is part of a TUC report that...

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£131 A MONTH EXTRA ENERGY COST OF WORKING FROM HOME

  • Under the new price cap, employees could be paying an extra £131 a month for energy bills if they’re working from home from October[1]
  • Commuters whose weekly travel costs are less than £30 may be better off going into the office to save money on energy [2]
  • From January, extra WFH costs could hit £209 for the average household and £310 for large homes [3]
  • ...
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WHY DID MY BILLS HAVE TO ROCKET, MAN? SIR ELTON’S POWER BILL SOARS TO £77,000 A YEAR AMID ENERGY CRISIS

  • Sir Elton John’s £6 million Windsor mansion is now estimated to cost more than £77,000 a year to power — up 76% in a year due to the energy crisis[1]
  • Rocketman star’s 3,000-square-metre house is 33 times larger than the average UK home [2] , and his energy bill is 43 times bigger than most households’ [3]
  • The power bill for Tamara Ecclestone’s’ £70 million London
  • ...
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LEFT IN THE DARK ON ENERGY USE: 20 MILLION HOUSEHOLDS PAY THEIR SUPPLIER MONTHLY BUT LESS THAN HALF GET A BILL EVERY MONTH

  • Seven in ten households — 20 million — pay for their energy monthly[1], but only four in ten (43%) receive a bill every month [2]
  • One in five households (20%) have asked their supplier to change how often they get their bill [3] , but three fifths (60%) say the changes haven’t been made [4]
  • Suppliers who don’t deliver monthly bills are leaving consumers in the dark
  • ...
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ENERGY DEBT DOUBLES IN A YEAR TO £1 BILLION WITH A QUARTER OF CONSUMERS IN DEBT TO THEIR SUPPLIER

  • The amount of money households owe to their energy suppliers has doubled in a year to reach £1 billion — with a quarter (23%) of consumers now in energy debt[1]
  • Six million households owe £188 to their energy providers on average — leaving them without a war chest to battle rising bills [1]
  • Almost 11 million households have £1.4 billion in credit balances, with
  • ...
picture of women sorting out energy bills

TEN THINGS YOU NEED TO DO BEFORE ENERGY PRICES RISE

Consumers have started receiving letters and emails from their energy suppliers regarding price hikes, with the average bill expected to rise to £1,971 from 1st April. While many may feel powerless to do anything about the rising costs, there are some important steps that people can take over the next few weeks to ensure their bills are as low as they can be.

Uswitch.com offers some tips...
picture of smart home energy device in a living room

FIVE TOP TIPS TO REDUCE ENERGY BILLS THIS WINTER

With energy prices set to rise significantly this winter, many people are paying closer attention to their utility bills. To help reduce the impact of rising costs, here are a few simple steps you can take to reduce your household energy usage. Be Wiser with your thermostat

Over 80% of a home’s energy consumption is used for heating and hot water, so looking at new ways of controlling this...

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