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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 ....

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BBCNEWS BBC News January 17, 2022 10:07:00

Which is why all leads are being investigated, and as you heard there, two teenagers have been arrested last night in manchester, but they have not as yet been charged. a report has warned more than a quarter of households in the uk will struggle to pay their energy bills in april when the average household fuel bill is expected to increase by £600 700. the rise is coming because of an increase in the price cap the maximum price that suppliers in england, wales and scotland can charge domestic customers on a standard tariff. the cap at the moment means no household should pay more than £1,277 per yearfor a typical amount of energy. but energy firms are having to pay more for the gas they sell onto us and many smallerfirms have been forced out of business. that means the energy price cap will have to rise some experts think the new cap could be set at almost £2,000 a year. one group that looks at this ....

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