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BBCNEWS BBC News June 4, 2024 17:02:00

Taking the average annual household bill to more than £3,500. here s marc ashdown. help is coming. that s the message from the chancellor on rocketing energy bills, but when, how and who will receive it remains difficult to tell. in an interview with the daily telegraph, nadhim zahawi warns high bills could be here to stay for the next two years, and says while he s concerned about helping people on benefits and pensioners, those on middle incomes will need help too. if you re a senior nurse or a senior teacher on £45,000 a year, he says, you re having your energy bills go up by 80%. it s really hard. we re looking at all the options. the energy price cap is set by the regulator 0fgem. it s rising by 80% in october. currently, a typical annual energy bill paid by direct debit is £1,971. in october, that will rise to £3,519. ....

Energy Bills , Household Bill , Marc Ashdown , Nadhim Zahawi , Daily Telegraph , Energy Price Cap , Energy Bill , Regulator 0fgem ,

BBCNEWS BBC News June 4, 2024 21:08:00

It remains difficult to tell. in an interview with the daily telegraph, nadim zahawi warns high bills could be here to stay for the next two years, and says while he s concerned about helping people on benefits and pensioners, those on middle incomes will need help too. if you re a senior nurse or a senior teacher on £45,000 a year, he says, you re having your energy bills go up by 80%. it s really hard. we re looking at all the options. the energy price cap is set by the regulator 0fgem. it s rising by 80% in october. currently, a typical annual energy bill paid by direct debit is £1,971. in october, that will rise to £3,519. pre payment meter customers pay a little extra. a typical usage bill from october then will be £3,608. i m afraid the pain might not be over. the energy price cap is now reviewed every three months. analysts are predicting a rise ....

Nadhim Zahawi , Daily Telegraph , Energy Price Cap , Energy Bills , Regulator 0fgem , Energy Bill ,

BBCNEWS BBC News June 4, 2024 20:12:00

Household bill would increase more than 80% from october. here s marc ashdown. help is coming. that s the message from the chancellor on rocketing energy bills. but when, how and who will receive it remains difficult to tell. in an interview with the daily telegraph, nadhim zahawi warns high bills could be here to stay for the next two years, and says while he s concerned about helping people on benefits, and pensioners, those on middle incomes will need help too. if you re a senior nurse or a senior teacher on £45,000 a year, he says, you re having your energy bills go up by 80%. it s really hard. we re looking at all the options. the energy price cap is set by the regulator 0fgem. it s rising by 80% in october. currently, a typical annual energy bill paid by direct debit is £1,971. in october, that will rise to £3,519. prepayment meter customers pay a little extra a typical usage bill from october, then, will be £3,608. i am afraid the pain may not be over. the energy ....

Energy Bills , Nadhim Zahawi , Household Bill , Marc Ashdown , Daily Telegraph , Energy Price Cap , Energy Bill , Regulator 0fgem , Prepayment Meter ,

BBCNEWS BBC News June 4, 2024 08:02:00

Channel this morning. more news on the cost of living today. millions of households in england, scotland and wales will be paying much more for gas and electricity from october, after the energy regulator 0fgem announced a rise in the price cap that s the maximum amount companies can charge consumers for energy. it means the average household bill will rise to £3,519 a year an increase of more than 80%. analysts are now predicting that the price cap could rise again injanuary to more than £5,300. and then to more than £6,600 next april. the price cap doesn t apply to northern ireland, as the market there is regulated differently. prices in northern ireland will also increase, but it s less clear when this will happen, and by how much. the announcement today comes amid a cost of living crisis, with prices soaring and bills going up. frances reed reports. ....

Price Cap , Energy Regulator 0fgem , Southern Scotland , Southern England , The Cost Of Living , Household Bill , Doesn T Apply To Northern Ireland , Northern Ireland , Frances Reed Reports ,

BBCNEWS BBC News June 4, 2024 08:03:00

We ve known for months it was coming but now, it s been confirmed the average household fuel bill will be £3,519 from october. the cap is set by the energy regulator 0fgem and is the maximum amount companies can charge customers for each unit of energy. 0fgem has acknowledged the situation as deeply worrying for many people. i accept this is devastating news for many families out there. so what we re also saying today is, we have ten days now until we will have a new administration, a new prime minister and a new ministerial team. now, we think that the government with our support, with the support of the industry, with the support of ngos needs to act urgently and decisively to address the situation that s before us. because the difficult news i have to give is when i look at what s happening later on this year and potentially into next year, there is still significant price pressure. ....

Household Fuel Bill , Energy Regulator 0fgem , Prime Minister , Price Pressure ,