Page 3 - Peter Earl News Today

Customers on direct debit pay the same amount each month based on estimated consumption. Typically they build up credit in the summer when use is lower and draw down on the balance in winter. But Ofgem says suppliers should reset the credit balance to zero each year because many people are overpaying. The plan could be rolled out next year. Peter Earl, of Comparethemarket.com, said: “Proposals to return credit balances in a timely manner should be welcomed, especially given the burden the pas...

Homeworkers spending far more time indoors could face a bill shock from their usage over the last three months once they submit readings, data suggests.  With more devices plugged in, heating on and consumption up, typical bills could be £113 higher from January to March usage than usual. In the first three months of the year, households typically consume almost 30 per cent of their annual energy making it the most expensive quarter of the year. This, combined with the added cost of spending ...

Nearly a third of families are struggling to pay their bills (PA) Typical households paying £1,042 per year by direct debit, Ofgem’s current energy price cap level, could see their energy supplier increase their monthly payment from £86 per month to more than £111 to cover the additional cost.  Rising usage is leaving households worried about how they will afford increasing costs. comparethemarket.com’s recent Household Financial Confidence Tracker shows that nearly a third of famil...

Exactly how much working from home will have cost you since January People are set to face a surprising bill this month Sign up When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice People who are working from home and using more energy are set to pay an additional £113 to their energy provider between January and...

The Big Six have long been known as the firms that take up the lions share of energy customers in the UK and have traditionally included the same six companies. However, in recent years, an influx of small suppliers have saturated the market, looking to give consumers the best value tariffs and the most efficient customer service. This has led to challenger suppliers stealing customers away from the Big Six – and even taking their spot in the table.  In a time when many face financial uncert...

Ofgem, the energy regulator, recently announced the default energy price cap will change from its current level of £1,042 to £1,138. The increase of £96 includes an additional £23.69 energy suppliers can charge a year to help them cover for coronavirus-related costs. Separate research from Compare the Markets financial confidence tracker shows annual energy costs would only have to rise by an average of £85 in order to tip households with children at home into financial difficulty. Peter E...

Experts warn the Government is not tackling the issue quickly enough as thousands more families face financial difficulties during the pandemic.

More than a quarter of a million households face soaring energy bills if they do not switch tariff soon, new research has revealed. Some 167 fixed tariffs end this month which will see customers automatically  switched onto more expensive default deals if they do not switch tariff or provider when their plan comes to an end. The average increase to energy bills is £67 per household with the average annual cost of a fixed rate energy tariff ending in February coming in at £918, according to C...

Energy bills will rise for millions of households with most expected to see an increase of nearly £100 a year, in a time when many face financial difficulties. The energy price cap will rise to pre-pandemic levels for households, increasing by £96 to £1,138 for 11million default tariff customers, Ofgem has announced today. Bills will also increase by £87 to £1,156 for 4million pre-payment meter customers. The hike will come in on 1 April for six months with the changes blamed on a rise in ...

Most affordable places to buy UK (Image: EXPRESS) Richard Neudegg, head of regulation at Uswitch.com, said: “The pandemic has already placed many households under great financial strain. News of the price cap rising by an average of £96 from April will be a bitter pill to swallow for the 11 million default tariff customers with standard meters, many of whom are already struggling to make ends meet. “The price cap increase is an aftershock of last year’s lockdown, partly because many cust...