BusinessPostCorner.com
No Result
View All Result
Sunday, July 19, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Ofgem energy price cap: Typical bill to rise in January

November 22, 2024
in Business
Reading Time: 2 mins read
A A
0
Ofgem energy price cap: Typical bill to rise in January
ShareShareShareShareShare

The cap affects those on default, variable tariffs, not those who have fixed a price for a set period.

It is set every three months by Ofgem, although the regulator illustrates the change by showing the impact on the annual bill of a household with typical energy usage.

To estimate the effect on an individual’s annual costs, billpayers can add 1.2% to their current bill.

Some households will have less support than last winter because the final cost-of-living payment was made to eight million people on means-tested benefits in February.

For pensioners, the previously universal winter fuel payment, worth up to £300, is now only being paid only to those on low incomes who receive certain benefits.

According to the government’s own estimates, an additional 50,000 pensioners will be living in relative poverty next year as a result of cuts to the payment.

However, this fails to take into account any increased uptake of pension credit – which qualifies people for the winter fuel payment.

Energy Secretary Ed Miliband said the UK was “exposed to the rollercoaster of global fossil fuel markets”, which was why the government was concentrating on generating power in the UK.

He admitted the latest price rise would “concern” many families.

Some pensioner households affected in Northern Ireland will receive a one-off £100 payment.

The energy market is regulated differently in Northern Ireland, and is not governed by the same price cap.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Retail sales fell as Budget worries hit spending

Next Post

Why an ‘executive gap year’ can be a power move

Next Post
Why an ‘executive gap year’ can be a power move

Why an 'executive gap year' can be a power move

Binance Futures Volume Surges 80% Amid Spot Slump

Binance Futures Volume Surges 80% Amid Spot Slump

July 13, 2026
Qatar’s Sheikh Hamad bin Khalifa al-Thani dies aged 74

Qatar’s Sheikh Hamad bin Khalifa al-Thani dies aged 74

July 12, 2026
Google Gemini AI Predicts XRP Price Will Surprise Everyone in the Next 60 Days

Google Gemini AI Predicts XRP Price Will Surprise Everyone in the Next 60 Days

July 16, 2026
Trump Media pitched 0,000 monthly fee for fast feed of president’s posts

Trump Media pitched $100,000 monthly fee for fast feed of president’s posts

July 17, 2026
Cardano Short Squeeze Risk Builds as Van Rossem News Builds

Cardano Short Squeeze Risk Builds as Van Rossem News Builds

July 17, 2026
Google Gemini AI Predicted This Solana Price for Next 90 Days

Google Gemini AI Predicted This Solana Price for Next 90 Days

July 12, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Walmart removes four Taylor Farms salads as recalls spread

Walmart removes four Taylor Farms salads as recalls spread

July 18, 2026
Two U.S. troops are dead and another is missing after Iran attacks a base in Jordan

Two U.S. troops are dead and another is missing after Iran attacks a base in Jordan

July 18, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!