Page 43 - 0fgem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To the latest forecast from energy consultants, cornwall insight. the figure is £650 more than previously estimated. the group says that's because of 0fgem's decision to change the price cap every three months instead of every six, and higher wholesale prices. the warning comes as the government rejects calls for further help with bills until a new prime minister is in place. here's our business correspondent theo leggett. the cost of lighting, cooking food, hot water and heating our homes has already risen dramatically over the past year and it's expected to go even higher. the war in ukrain...

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Prices, have shot up partly because of the war, because russia is threatening to hold back some of its gases. we got some... the regulator has said if you're an energy supplier and you have to pay more to buy your energy than you are getting back from customers, then you can recoup those extra costs by putting them onto bills. it's the new term for all of us, but what it means is it can protect consumers as well. cross your mind back to a year ago. who picks up the tab for that. ultimately, it's all of us. over £3 billion it's reckoned we are not have to pay. the idea is we take some of that,...

So, what we've got to do as a regulator is look at every cost that's going to hit customers. the reality is for the customers, the global price wireless is are going to hit our bills sooner —— global price rises. in the years ahead, when wholesale prices are falling, that will be passed on to us as customers quicker as well, thatis us as customers quicker as well, that is definitely a bonus. but in the short term analysts are predicting global price rises are set to continue certainly for the next year, meaning that will be passed on to us soon as customers making this winter which is alre...

To do— they will face questions about what to do about it this evening in the latest _ to do about it this evening in the latest televised event of the campaign, live interviews and questions from party members on sky news at _ questions from party members on sky news at hpn. —— at eight o'clock. thank— news at hpn. —— at eight o'clock. thank you. — news at hpn. —— at eight o'clock. thank you, jonathan blake. 0fgem has announced that changes to the energy price cap will be made every three months, rather than the current six. the energy regulator says the move will allow pric...