Log burners are sold out as homeowners prepare for winter power outages

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wood stove are disappearing from sale as desperate households look for old-fashioned ways to beat them energy crisis. Manufacturers have warned that the recent increase in demand, coupled with production backlogs due to Covid, means that certain models will not be available until … Read more

Household energy bills will rise by £500 after the government cuts support

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt decided on the level of support on offer after taking charge of the national finances amid turmoil caused by Truss’s mini-budget. As well as changing the £2,500 level to £3,000 from April, support will now last until April 2024 rather than … Read more

Household accounts are growing at the fastest rate since the 1950s

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The new peak is the latest sign of a bleak winter facing households, with the chancellor promising to help control inflation by raising taxes and cutting spending. Thursday’s Fall Statement. Jeremy Hunt blamed the new surge in inflation on “the aftershock of Covid … Read more

Eight million households will be late with their bills this winter

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Millions of families will suffer financial hardship this winter as utility bills skyrocket, the city watchdog has warned. The Financial Conduct Authority said 7.8 million households faced a “heavy burden” to keep up with their bills. This is 2.5 million more than in … Read more

The best electric blankets to keep you warm at night (and save money on heating this winter)

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE When the winter cold sets in, an electric blanket can be just the friend you need. Unlike the heavy blankets your grandma used to use, today’s best electric blankets are soft and lightweight, with wires you’ll barely notice—and luckily, a lot safer too. … Read more

Energy bill calculator: calculate the cost of your household appliances

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A harsh winter is coming as energy costs skyrocket – in addition to double-digit inflation. Prime Minister Liz Truss has capped average energy bills at £2,500 until October 2024, scrapping regulator Ofgem’s often criticized price cap. The regulator’s cap is due to rise … Read more

Smart meter payments should be made permanent to help achieve net zero targets

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A smart meter payments to households to reduce peak energy use will be made permanent to help the UK achieve net zero targets. National network is offering to pay households with smart meters if they reduce peak use on days when the wind … Read more

Why Londoners are paying more for electricity – even under Liz Truss’ new price cap

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE People living in London will pay more for their energy use than those in the Midlands or Scotland, even under Prime Minister Liz Truss’ “energy price guarantee”. Under the new tariffs which come into effect today, the typical household will pay £2,500 a … Read more

Energy companies extend the deadline for the day of meter reading

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Energy suppliers are scrambling to avoid a repeat of the meter-reading chaos of March, when websites crashed as customers rushed to submit the readings before prices spiked. British Gas and businesses have told customers they have up to a week to submit their … Read more

Customers were left in the cold, as energy suppliers refuse new applications

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ofgem, the energy regulator, requires suppliers to accept new customers, although there is no specific requirement that households must apply online. However, Ofgem requires suppliers to make it easy for customers to compare tariffs. Ovo Energy was the only supplier that suggested prospective … Read more

A harsh winter may trigger social unrest in Europe, warns the IMF

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Europe could face social unrest if the winter turns cold, the head of the International Monetary Fund (IMF) has suggested, as Brussels prepares a €140bn (£121bn) attack on the energy industry to help tackle the crisis. Kristalina Georgieva, managing director of the International … Read more

Homes paying thousands of pounds more for ‘green’ energy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This is much higher than regulator Ofgem’s price cap on default tariffs, which is expected to rise from £1,971 to £3,549 for a typical household next month. Homeowners are also paying more for green energy, even though it is now much cheaper to … Read more

The richest households will receive twice as much support as the poorest, warns the think tank

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The richest households will receive twice as much support for living costs as the poorest, the think tank has warned. Wealthier homes will receive £4,700 in gifts and tax cuts next year, compared to just £2,200 for the poorest, according to the Resolution … Read more

Homes with fixed energy contracts will have reduced bills (but better to switch)

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE According to comparison website USwitch, no major provider currently offers fixed tariffs due to rising wholesale energy prices. This is because when a customer signs a fixed rate contract, their provider must purchase a year’s supply of energy in advance, taking into account … Read more

‘Don’t open the fridge’: The hilarious ways Britain has been told to cut its energy bills

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Other tips that require you to completely change your behavior are very extreme. If you fully commit to never using an oven, hob or grill again and opt for a much cheaper fryer instead, you can save up to £604 a year, according … Read more

What “Trussonomics” Means for Your Money

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Families and people with higher incomes will save the most with the new prime minister’s promises of low taxes and freezing of energy bills. However, experts warn that Liz Truss can do little to protect millions of households from a significant increase in … Read more

“Our energy bill has increased by over 300 percent”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “When we first opened during the lockdown, our energy bill was around £1,500 a month, which sounds like a lot but is quite normal for a bakery of our size. Since about six months ago, our energy bill has increased by over 300 … Read more

More than a million rural households received reduced energy prices

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE More than a million households will benefit from Liz Truss’ pledge to support homes that depend on fuel oil. While homes connected to the national grid have enjoyed price caps from energy regulator Ofgem, off-grid homes have so far been unprotected. About 1.5 … Read more

Putin threatens to ‘freeze’ Europe by cutting off energy completely

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Vladimir Putin has threatened to “freeze” Europe by completely shutting down energy supplies if Brussels is working to cap Russian gas prices. In a fiery speech in Vladivostok, the Russian president warned that Europeans will face a bleak winter if the Kremlin halts … Read more

Liz Truss could freeze bills to avoid energy ‘armageddon’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Asked whether she would rule out a total freeze on energy bills – a policy put forward by the Labor Party and energy companies – Ms Truss refused to do so. “I’m not going to go into the details of what the alleged … Read more

Energy-inefficient homes face a £1,730 rise in bills

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Two-thirds of homes in England and Wales face significantly higher energy bills because they are poorly insulated, new research has found. Properties with an energy rating of D or below face an average bill increase of £1,730 a year when The increase in … Read more

Why rising energy bills will kill the dream of working from home

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE According to consultancy Advanced Workplace Associates, the average British worker goes to the office just one and a half days a week. The survey found that the average turnout in UK offices was just 29 per cent. The Office for National Statistics in … Read more

“The energy crisis is worse than the pandemic – I have to close the company”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “This is worse than the pandemic. Back then there was a lot more support and it opened up for people to live more mindfully and invest in themselves,” he said. “Now people don’t know how bad this energy crisis is going to be … Read more

Liz Truss is considering the ‘nuclear’ option of a five per cent VAT cut

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE In France, ministers pledged on Saturday to maintain electricity price caps that prevent energy companies from increasing by a maximum of four percent next year to protect households from spiraling rates. Ms Truss’s campaign began making plans for her “Emergency budget”but a source … Read more

Electric cars will be more expensive than petrol cars

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He added: “A full charge of a typical family electric SUV will cost 84 per cent more from October than under the current cap. Public charging points also have no choice but to raise prices to reflect rising wholesale costs, which will have … Read more

“I’m fleeing to the Algarve for the winter to avoid Britain’s sky-high energy bills”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He pays £800 a month to rent a room in a shared house in Clapham. When she was in the Canary Islands last winter, living independently in an Airbnb cost her £700 a month. Ms Pintye said landlords were offering big discounts to … Read more

Middle-income people need urgent help to survive the energy crisis, warns the chancellor

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The National Institute of Economic and Social Research said that raising the price ceiling in October alone would add 2.7 percentage points to inflation, bringing the overall rate to 12.5 percent. Steady bill increases are expected to lift the rate to 14.2 percent … Read more

Friday evening UK news briefing: 6m household savings to be wiped out by rising energy price cap

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Faced with a terrifying update to the price cap, there’s a good chance the Conservatives will feel they have no choice but to come up with another multibillion-dollar Covid-style bailout. yet Ben Wilkinson he asks if pensioners really need some more helpas the … Read more

The complete guide to reducing your energy bill

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE These calculations were made using the new energy price cap for October and forecasts for January and April from analysts Cornwall Insight. Quick cheat There are simple habits and tricks that can collectively reduce your energy bill. Lowering your thermostat by just one … Read more

If food prices were to rise as high as the energy price cap, it would cost

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The household energy price cap doesn’t go up that much – it includes electricity for a start and is based on six-month average market prices, not just the latest daily market prices. The final bill also includes other costs such as network maintenance … Read more

Use our tool to calculate how much you will need to spend on energy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A harsh winter is coming as energy costs skyrocket – in addition to double-digit inflation. Ofgem has confirmed that the energy price cap will jump by an unprecedented 80% to £3,549 a year in October. But that’s not the end of the pain: … Read more

How to protect your money when energy bills and inflation rise

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The ability to generate electricity from renewable sources at home will become more valuable than ever if the gloomy predictions of a price cap become reality. Households with money to invest in green improvements are expected to reap the benefits in the form … Read more

Martin Lewis: “Rising energy prices is a disaster.” Plain and simple’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Campaign spokeswoman Liz Truss said: “Today’s announcement will cause serious concern for many people across the UK who will be worried about paying their bills. “As Prime Minister, Liz would give people the support they need to get through these difficult times. “She … Read more

Energy price cap jumps to £3,549 as Ofgem warns bills will be ‘significantly worse’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ofgem chief executive Jonathan Brearley warned that the latest jump in the price cap would have a “massive impact” on households and cause them to make “difficult decisions”. He said the new support of the new prime minister “will have to correspond to … Read more

Next Prime Minister to unveil help for households in days as energy price cap rises to £3,500

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Boris Johnson said during a surprise visit to Kiev on Thursday that while Britain “pays our energy bills for the evil of Vladimir Putin, the people of Ukraine are paying with their blood”. A Treasury source added last night: “Putin is raising gas … Read more

A Covid-style bailout for energy bills as the government warned of civil unrest

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The BCC estimates that around 4.5 million small and medium-sized enterprises (SMEs) will need around £5,000 to afford their electricity bills over the winter, amounting to £23bn of government support. Without serious help, “companies will have to cut production, stop hiring and some … Read more

Boris Johnson: We are paying higher bills – Ukraine is paying in blood

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Boris Johnson has called on the British public to bear higher energy bills as the price of freedom in Europe because “Ukrainians pay with blood”. When we talked about the surprise visit to Kiev on the occasion of the commemoration six months from … Read more

A rise in energy bills is the equivalent of adding 9p to the income tax rate, the supplier warns

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But Greg Jackson, chief executive of Octopus Energy, said British customers were being asked “to pay the price for the gas that Putin is weaponising”. Speaking on the Today show this morning, Mr Jackson said: “You cannot expect energy buyers or retailers to … Read more

Half of households’ ‘rainy day’ funds will be spent on higher gas bills

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Households will burn through almost half of their “rainy day” savings pots by the New Year. energy bills rose to record levels. According to Investec Bank, they will withdraw an average of £2,230 from savings accounts to cover rising gas and electricity prices. … Read more

Why rising energy bills will devastate your income a lot more than you think

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Under the current price cap, it costs around 4p to boil a kettle. Assuming you boil the kettle three times a day, it will cost you £17.66 in the first three months of the new price cap. Lights and desktop computers, meanwhile, use … Read more

Ofgem director resigns from regulator over price cap

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The director of Ofgem has accused the energy regulator of hurting households by allowing the big increase price ceiling and quit her job. Christine Farnish resigned from the watchdog after allowing suppliers to impose extra charges on customers this winter, contributing to an … Read more

Energy bills will eat up a sixth of wages

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Debapratim De of consultancy Deloitte said the share of salary spent on energy is likely to be higher for those with lower incomes, whose wages have not increased significantly in recent years. “Energy could cost lower-income families a quarter of their income after … Read more

Fraudsters pretending to be Ofgem in latest household fraud attack

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Energy customers have recently been targeted by fraudsters claiming to be from the regulator Ofgem a wave of fraud that hit households. Suppliers have warned consumers in writing that fraudsters are calling and emailing customers asking them to log in to Government rebate … Read more

The Don’t Pay UK campaign will cause “all sorts of problems” for households, an energy boss has warned

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Not paying energy bills will cause people “all kinds of problems”, warned the president of Utilita, as the energy price cap is expected to reach £4,200 in January. Derek Lickorish told the BBC that energy companies “will not be able to subsidize bills” … Read more

BP profits tripled after “exceptional” oil trading and high prices

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The results follow similar gains posted by rivals such as Shell, which have fueled criticism over the impact of high wholesale prices on household energy bills. High gas prices pushed household energy bills up 54 per cent to £1,977 in April, with analysts … Read more

Rishi Sunak Accused of ‘Screaming U-turn’ on Tax Cuts

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The former chancellor said on Tuesday he would aim to cut costs by increasing the workforce and reducing the number of people on benefits. He said he would double the number of hours someone on welfare must work a week to avoid looking … Read more

;
error: Content is protected !!