It already is the awful reality for some families
Households can expect to take a “seismic” hit to their energy bills which could force some to decide whether to eat or heat their homes, according to Martin Lewis.“The energy price crisis needs substantial intervention from the Government.
According to Cornwall Insights, an energy sector specialist, bills could rise from £1,277 a year under the current price cap to £1,865 a year when the next revision is announced, a rise of 46%. “The Government didn’t intervene early enough so we’re all paying for the market collapses we’re seeing.”Several firms went bust in 2021, with customers at other energy firms picking up the tab for the collapses, whilst the Government also took over the running of Bulb after it failed last November.
Mr Lewis added that there needs to be greater protection for the most vulnerable, who may not be able to shop around for the best deals, or may be stuck on more expensive pre-payment options.He said: “What’s coming in April is a seismic hit for fuel bills which is going to be astronomical.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Lewis Hamilton’s F1 title defeat left Nico Rosberg in ‘incredible pain’Hamilton was dethroned by Max Verstappen on the final lap of the season
Læs mere »
15 Films we can't wait to see in 2022 🎬 🍿Here are heat's 15 films that we can't wait to see in 2022, from Avatar to Marvel, DC to Downton. Read more on heat.
Læs mere »
Urgent 5G warning over plane safety fears forces providers to delay rolloutVERIZON and AT&T have agreed to delay the launch of 5G near airports two weeks after concerns that it could make planes unsafe. In a joint letter to US Transportation Secretary Pete Buttigieg, …
Læs mere »
Brits in turmoil amid soaring Omicron pressure as Boris urges 'stick to Plan B'Ministers are set to review Covid measures on Wednesday as Omicron continues to rampage following New Year celebrations, though PM Boris Johnson has insisted Plan B is sufficient
Læs mere »
Lewis Hamilton’s F1 title defeat left Nico Rosberg in ‘incredible pain’Hamilton was dethroned by Max Verstappen on the final lap of the season
Læs mere »
Covid LIVE: Herd immunity looms as 'very high' Omicron surge may spell END of hated rulesSOARING Omicron infections could lead to herd immunity and the end of the pandemic, according to a health professional.
Læs mere »