Tag Archives: household energy bills

Electricity, Energy, Energy Distribution, Heating, Services

Cold Snap Will Push Up Energy Bills But Not Household Energy Prices

Households could see their winter fuel bills increase by GBP60 if the cold snap continues into February, but reports that energy prices could go up are a red herring says uSwitch.com, the independent price comparison and switching service.

It costs £3 a day on average to heat a home, but uSwitch.com estimates that this could increase by GBP1 a day as consumers contend with the current freezing conditions. If the cold snap lasts a fortnight it will add GBP14 on to household winter fuel bills. But if it lasts two months it could cost households an extra £60.

However, reports that household energy prices could go up as a result of increased demand are misleading – energy suppliers buy their energy around a year in advance and can meet the current short-term increase in demand by topping up on the daily spot market. This means that consumers do not need to worry about their prices going up in the short to medium term.

Tom Lyon, energy expert at uSwitch.com, says: “If the cold snap continues through February it could add £60 on to household energy bills, but the cold snap would have to continue for far longer to have an impact on energy prices. Higher demand because of sub zero temperatures and the current rationing of energy to certain businesses does not mean suppliers will need to increase household energy prices. Hopefully this will reassure consumers, but our advice would be to think now about budgeting for an extra £60 for when the winter fuel bill drops through your letter box.”

Via EPR Network
More Energy press releases

Electricity, Energy, Energy Distribution, Heating, Services

Thin End of Wedge As GBP4.30 Added onto Electricity Bills

Energy regulator Ofgem has signed off investment in the regional electricity networks that will add GBP4.30 a year onto household electricity bills. However, this is just the thin end of a wedge warns a uSwitch.com as it is a small part of a much broader GBP233.5 billion energy investment programme that is expected to add GBP548 a year in total onto consumer energy bills.

This could see household energy bills hit as high as GBP4,733 a year by 2020, nearly four times higher than they are today. Ofgem itself calculated that household energy bills could hit GBP2,000 a year as a result of investment, but recently described this as ‘over optimistic’.

Ann Robinson, Director of Consumer Policy at uSwitch.com, says: “GBP4.30 a year may seem small fry, but in fact it’s a wake-up call for us all. This is just the beginning of a huge investment process that will lead to significantly higher household energy bills. The GBP5,000 a year energy bill may seem like an outside possibility, but we have to remember that energy bills doubled in the last five years alone and that the huge investment needed just to keep the lights on in Britain will alone add GBP548 a year onto our bills. The fact is we are entering a new era of high cost energy and households will have to adapt their behaviour accordingly.

“The Government has been banging the drum for energy efficiency for a while now, but consumers have been reluctant to spend money on these measures. As a result, energy efficiency has been massively underperforming even though it is one of the biggest defences we have against escalating energy costs. We also have a competitive energy market, and yet less than 5% of consumers are on the most competitive energy plans – most people are paying far more than they have to for the energy they use.

“This has to change. My advice to consumers is to invest in making your home more energy efficient, reduce the amount of energy you use and make sure you are paying the lowest possible price for it. Big projects such as a new energy efficient boiler or home insulation can be expensive, but the savings you make through cutting the price of your energy could be re-invested into energy efficiency measures so that you reap even greater rewards in the future.

“Don’t be put off. If cost is an issue, speak to your supplier to see if they can help – they have a pot of money available to help households with energy efficiency. Or contact the Energy Saving Trust for advice. The key thing is to start future-proofing yourself against higher energy bills now.”

Via EPR Network
More Energy press releases

Electricity, Energy, Projects, Services, Waste Management

Do You Think You Understand Your Energy Bills?

uSwitch.com is campaigning for household energy bills to be made simpler, clearer and easier for consumers to understand after asking an examining board to give an independent assessment of the state of Britain’s energy bills. The findings were shocking – 45% of Brits may not actually be qualified enough to understand a household energy bill.

Energy Bills

According to examiners, people would need at least a higher grade GCSE or O’ level in maths to be able to get to grips with a household energy bill. This is because of the complexity and format of the information provided. But last year only 55% of GCSE maths students achieved this. Based on this pass rate, almost half of the population could be expected to struggle to understand an energy bill.

In reality, three quarters of people (75%) find energy bills confusing and 57% find it difficult to work out how their bill has been calculated. Because of this consumers are being urged to take action by:

-Joining the ‘Simpler, clearer, easier’ Facebook group: www.uSwitch.com/simpler-clearer-easier – Signing the ‘Better bills‘ petition: http://petitions.number10.gov.uk/betterbills/ – Taking part in the uSwitch.com Energy Bill Challenge: www.uSwitch.com/bill-challenge

Ann Robinson, Director of Consumer Policy at uSwitch.com says:”You shouldn’t need to be an ‘A’ grade student to be able to understand your energy bills. As things currently stand 45% of consumers are in danger of being excluded because of the complex way in which energy bills are written and presented today.”

Ann Robinson continues: “Ofgem is looking to address this, but it’s vital that consumers make their voices heard too. Take the challenge, join the ‘Simpler, clearer, easier’ group on Facebook and sign our e-Petition to get energy bills made simpler, clearer and easier for consumers to understand.”

The uSwitch.com Energy Bill Challenge:

45% of people are not sufficiently qualified to understand a household energy bill – are you one of them? Find out if you’ve got what it takes to get to the bottom of a typical bill by taking the uSwitch.com Energy Bill Challenge at:

www.uSwitch.com/bill-challenge

Have paper, a pen and a calculator to hand and don’t forget to visit Facebook afterwards to let us know how you got on. And just in case you think it’s too easy, here’s what the Head of Mathematics at the examining board said:

Chair & Head of Mathematics, Edexcel:The amount of information, lack of explanations and format of the bills make them very difficult to process…… These things would make them inaccessible for most GCSE candidates unless considerable explanation was given.”

Good luck!

For more information visit www.uSwitch.com or call 0800 093 06 07

Via EPR Network
More Energy press releases