cheaper energy bills

Winter months can actually leave a big hole in your pocket because of the ever increasing energy bills. One way to save on winter bills is to get the Winter Fuel Payment, which is an allowance given to people who cannot manage to pay utility bills especially senior citizens, job seekers, disabled people, widows etc. You need to match the eligibility criteria for the Winter Fuel Payment in order to get the cheapest energy bill during the winter season. Talking precisely, the Winter Fuel Payment scheme offers a tax free payment of between £100 to £300 to UK citizens born on or before 5 August 1953. The idea is to offer them a heating allowance to keep their homes warm and heated during the cold season. They are paid between £100 and £300 depending on their age and other qualifying factors. This is a huge benefit and helps make huge savings on […]

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In a strict move to stop UK energy suppliers from making blunders, Ofgem snapped a huge fine of £260,000 on the small energy company E. It announced the fine on the grounds of unethical behaviour by the gas and electricity supplier. The energy regulator stated that representatives of the UK energy provider E were misleading the customers by claiming to be an independent price comparison service provider. The energy regulator also revealed that the representatives of E used a misleading approach on their door-to-door campaign and were hiding their identity about being the representatives of E. Also, UK energy supplier E was blamed to be so negligent that it did not conduct criminal records checks. This was certainly unacceptable especially when E continued this practice from 2014 to 2017 while still being aware of the entire scenario. The company accepted its mistakes and is ready to pay £260,000 as a […]

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The energy market faced a sudden halt when the Big Six energy supplier British Gas announced the removal of its Standard Variable Tariffs. With such an announcement, energy customers might have started dreaming of cheaper energy bills but this may not work out the same way it seems. UK energy experts suggest that it is the other way round as the announcement may not give the cheapest energy bills to the customers of British Gas. They may benefit a bit but certainly not much. Want to know why? Find out here. Firstly, British Gas would be striking off its Standard Variable Tariffs from April 2018 meaning that the expensive SVTs would be out of picture only after the winter period. Therefore, you still have to pay heavy energy bills in winter and your idea of cheap winter energy bills has conveniently gone. However, you can still switch to cheaper energy […]

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One of the best things done by energy regulator Ofgem is to cap the Pre-payment meter installation charges. With effect from January 2018, this cap would help UK energy customers switch to pre-payment meters. Till now they had to pay up to £900 each for the installation cost which is a sum total of the court fees and cost associated with dog handlers or locksmiths, if they are needed. If statistics are to be believed then around 40,000 people pay a heavy installation fee if the court orders their gas and electricity supplier to install a pre-payment meter. An average cost of £400 needs to be paid by the customers who are actually looking forward to getting cheap energy bills. Some of the UK energy suppliers are compassionate enough to waive off these charges and offer such meters for free. To maintain a balance, Ofgem has announced a Pre-payment meter […]

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There were string reports surrounding the confirmation of Ofgem’s immediate action to implement the latest announcement of the government on the revival of energy price cap for the 12 million customers on the Standard Variable Tariffs. The energy price cap was supposed to be monitored by Ofgem under the proper legislation however the energy regulator confirmed that the implementation of the energy price cap is possible only in the next winter. Until next winter Ofgem will price cap for around 1 million vulnerable customers suffering from low income. They said that these households will save up to £120 a year on their dual fuel energy bills. As per the energy regulator the so called safeguard tariff would come into effect from February. It stated that “This will provide some short-term relief for vulnerable customers ahead of government plans for an energy price cap being realized.” The energy price cap by […]

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The Energy price rise by British Gas in September proved to be the last nail in the coffin as it initiated a big loss of nearly 163000 customers by the Big Six energy suppliers. The gas and electricity suppliers that dominate 80% of the energy market lost a monthly all-time highest number of customers to their smaller rivals in just fifteen days. Such huge number of energy switches to cheaper energy suppliers is a remarkable step by UK households. They have made it clear that they are looking for and not just from big names in the energy market. Experts suggest that apart from the 12% energy price rises declared by British Gas, it is the announcement of revising energy price cap by Prime Minister Theresa May that pushed the energy switch surge. According to Jefferies investment bank, nearly 1.1 million customers have left the Big Six gas and electricity […]

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For all those who have been loyal customer of the Big Six energy suppliers, there is something to think about. A small tweaking of the brain with the current facts will you’re your image of the Big Six. If you regard them for their quality then mind well there are numerous energy suppliers in UK that offer the best quality service at a cheaper energy cost. Moreover, the Big Six have proved time and again that they are munching huge chunks of profit from their sticky customers. As per the latest Ofgem report, the Big Six gas and electricity suppliers have shown record high profits in 2016. The report was declared in July but was modified by adding the profit margin of British Gas, the latest to raise its energy prices. Statistics suggest that average pre-tax margin of these companies had shot up to 4.48% in 2016 when compared to […]

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