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Annual Energy Bills Predicted to Fall by £22 in January
Ofgem’s price cap falls 1% in January, cutting bills by £22, but a £75 rise is expected from April due to network and nuclear funding charges.
- Cornwall Insight says the regulator's price cap will dip by 1% in January, saving a typical household about 22 pounds, with an average bill of 1,733 pounds.
- Despite falling wholesale energy prices, the Nuclear RAB levy is due to be introduced, adding around £10 a year even as January price-cap dips.
- Analysts warn of a roughly £75 rise to the price cap, largely driven by electricity transmission charges and gas distribution fees, expected in April.
- Craig Lowrey of Cornwall Insight warned January's price cap dip might look like good news but it's only part of the picture, offering little breathing room to households already struggling with the cost of living.
- As the UK shifts to a renewable-led system, short-term costs are increasing while the move away from fossil fuels pushes bills upward despite aiming for energy independence and long-term stability.
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27 Articles
27 Articles
Scots Warned Of Long, Hard Winter as Energy Bills Climb Again
Scots are facing a long and punishing winter as energy bills rise once more despite Labour’s pledge to cut costs for households. Temperatures have dropped below freezing across the country this week and the first cold snap has brought a stark reminder of what lies ahead for families who are already stretched. Labour came to power promising to lower energy bills by three hundred pounds, yet costs have instead risen by almost two hundred, leaving …
Coverage Details
Total News Sources27
Leaning Left2Leaning Right2Center18Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
C 82%
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