Page 10 - Utility Point News Today

Last week it emerged inflation is rising at its fastest rate for nearly three years  Experts warn that a spending boom could push it as high as 4% within months In April, 11 million households saw their bills increase by almost £100 a year  Average petrol prices are now above 133p a litre, their highest level since 2013 Food and non-alcoholic drink prices rose by 2.5% in the 12 months to June 2021 

Renting out your electric vehicle charger is one of the latest ways to help the environment while also making some cash.

And last year, resolution service the Energy Ombudsman received more than 1,000 complaints relating to energy refund requests alone. Consumers have become so frustrated they have taken to social media to name and shame the firms responsible. One social media group directed at supplier Utility Point has more than 300 members.  The page - called Utility Point Owes Me A Refund! - encourages posters to share information and advice on how to get their money back. But Utility Point is not an isolate...

Some 56 fixed deals are finishing this month, with more than 1.3m homes facing a £324m rise to bills in total, according to data from Uswitch.

Sat 3 Apr 2021 02.00 EDT Millions of people who were already having to contend with higher gas and electricity bills as a result of working from home will see their charges rise by a further £96 a year from this week, adding a total of about £1bn to bills. But by switching, you can easily save £250 a year or more. On Thursday, households signed up to their suppliers’ standard tariff had their energy bills increase by more than 9% after the energy regulator, Ofgem, increased its c...

Households could save up to £234 a year by switching energy providers as the price cap increases today, new research indicates.  Customers on expensive default tariffs are encouraged to shop around as the Ofgem cap rises from £1,042 to £1,138 for an estimated 11million people. The £96 hike, announced in February, only affects those on prepayment meters or standard variable deals, meaning those who switch to fixed options could save hundreds each year. There are currently 62 fixed deals on ...

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...

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...

One New Years resolution some people will have in 2021 is to be become more environmentally friendly. While this will no doubt include recycling more and using tote bags instead of plastic alternatives, consumers can also make a huge difference to the planet by going green with their money, according to consumer group Which?  How you spend your cash and where you keep it often has a direct impact on the environment whether youre paying your monthly bills or paying into your pension. There are ...

Last modified on Mon 28 Dec 2020 03.32 EST Two days after switching energy supplier from Utility Point, I received an email from the ­company informing me that my account was in credit by £377.62, which would be refunded within 10 working days. Six weeks on, I have still not received it. Online reviews suggest that, like myself, many people were attracted to cheap deals, but then found direct debits were soon increased and are still waiting for overpayments to be returned. IBH, Sheffield Som...