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BBCNEWS BBC News at One June 4, 2024 12:00:00

Scotland and wales are to rise by 80% in october. the energy regulator s new price cap means the average annual bill will rise to £3,519. i am terrified that when the winter comes we are not going to have enough for the bills, because of the electricity has already doubled now, what s it going to be in the winter? the chancellor promises that help is on the way for people struggling with their bills. he says the government is working flat out on options. we know we need to do more because actually the most vulnerable households have no cushion, have nothing available to them. the energy regulator calls today s news devastating , and blames a rise in the price ....

Price Cap , Energy Regulator ,

BBCNEWS BBC News at One June 4, 2024 12:02:00

Good afternoon. millions of households in england, scotland and wales will see their energy bills soar by 80% after the regulator ofgem raised its price cap that s the maximum amount consumers on a standard variable tariff can be charged per unit. at the moment the average household is paying an annual bill of £1,971. in october that will jump to £3,519 a year and almost £60 more if you re on a prepayment meter. and the price cap could go higher still. some analysts predict it will be more than £5,300 a year injanuary and then more than £6,600 in april. well, today s price cap announcementjust adds to the current cost of living crisis, with prices forfood and petrol already rising rapidly, and higher taxes and interest rates too. colletta smith reports. ....

Energy Bills , Price Cap , Regulator Ofgem , Prepayment Meter , Interest Rates , Colletta Smith Reports ,

BBCNEWS BBC News June 4, 2024 09:31:00

Presidential ambitions, as donald trump does. let s get more reaction now to the our main story that millions of households in england, scotland and wales are set to pay much more for gas and electricity from october, after the energy regulator ofgem announced a rise in the price cap to £3,519 a year an increase of more than 80%. i m joined now by the founder of the energy price comparison service energyshop.com, joe malinowksi. thanks for your time today. every time i read out the figure of an increase of more than 80%, it is just astonishing and understandably people are saying they are worrying themselves sick as to how they are going to cope with this. going to cope with this. yeah, absolutely- going to cope with this. yeah, absolutely. 80% going to cope with this. yeah, absolutely. 80% as going to cope with this. yeah, absolutely. 80% as a - going to cope with this. yeah, absolutely. 80% as a headline going to cope with this. yeah, - absolutely. 80% as a headline number ....

It Ia Rise , Price Cap , Western Scotland , North West England , Donald Trump , Energy Regulator Ofgem , Energy Price Comparison Service , Joe Malinowksi , Headline Number ,

BBCNEWS BBC News June 4, 2024 11:02:00

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 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 wider cost of living crisis, with soaring prices and bills. frances read reports. 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 ofgem and is the maximum amount companies can charge customers for each unit of energy. ofgem has acknowledged the situation ....

BBCNEWS BBC News June 4, 2024 09:03:00

Comes amid a cost of living crisis, with prices soaring and bills going up. frances reed reports. 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 ....

Forfuel Bills , Household Fuel Bill , Frances Reed Reports , Energy Regulator 0fgem , Hasn T The Government , Prime Minister ,