Gas bills could soar higher

The icy cold weather and snow has already struck in the UK, leaving many households having to turn up the heat in order to get warm. However, the cold snap has also caused gas prices in the country to rocket to their highest levels in eighteen months, causing concern amongst many households with regards to how they will cope with their increased bills.

With many still struggling in the continued difficult financial climate the prospect of even higher bills is one that will create concern and stress. The freezing temperatures has meant that households have had no option but to increase their heating, and on 5^th December demand for gas was 25 percent higher than it was on the same day last year, and the third highest daily amount on record.

The temperatures have hit unprecedented lows for this time of the year in many parts of the country, and this has seen demand for gas amongst households and businesses rocket.          The National Grid reported a huge increase in demand for power, and the surge in demand created concern in wholesale markets, sending the price of gas surging to its highest level in eighteen months at sixty two pence per therm, which reflected an increase of eleven pence.

With more and more people staying in the home to avoid the cold, turning up the heating, and trying to keep warm, energy bills are likely to rocket, and officials have warned that households need to brace themselves for a sharp increase in costs.

An official from Consumer Focus said: “We’ve been expecting it any day. If this cold weather continues causing high demand, the question is how much more will they need to go out and buy on the spot market. Our fear in these situations is that gas companies are able to talk up price rises on the back of unusual weather. We really wouldn’t want to see further rises because of this cold snap.”

Tags: wholesale markets, eleven pence, rocket, Snow, freezing

Understanding utility bills getting harder

It has been claimed by officials from consumer watchdog group Consumer Focus that understanding gas and electricity bills is actually getting more difficult for some people, despite the fact that the energy regulator Ofgem has issued new rules that are aimed at making it easier for consumers to understand their utility bills from energy companies.

Around 10 percent of income is spent on gas and electricity, and officials are concerned that with the most expensive time of the year nearly upon us, where consumers will be using more energy due to the weather, many could end up paying over the odds because they are unable to work out what they should be paying.

The concerns come after it was revealed that one of the big six energy giants in the UK, Npower, had been inadvertently overcharging over one million households across the country, and those affected had not even noticed that they were paying too much for their energy usage.

Officials from Consumer Focus said that whilst Ofgem was trying to make it easier for consumers to understand their energy bills and avoid paying over the odds the situation actually appeared to be getting worse. This could be a combination of people finding it hard to work out what they should be paying or people simply not bothering to check their energy bills.

A spokesperson for Consumer Focus said: “If anything, we are seeing more complexity than before the rules came in. If I was an Npower customer, I would never have noticed that I was being overcharged. People don’t want their energy to be confusing – they want to be able to switch the lights on and forget it, but instead there are all these ridiculous structures.”

Tags: energy regulator, ofgem, energy bills, energy giants, Consumer Focus, combination, electricity bills, consumer watchdog

Consumers advised on avoiding winter fuel hikes

With winter well on the way many people may already be getting nervous about the cost of their energy usage, and this is something that particularly concerns certain vulnerable groups such as the elderly or low income families. With many people already struggling with their finances even before having to worry about fuel bills experts have advised those concerned to take steps as early as possible to avoid costly bills.

It is advisable for those that are worried that their bills may shoot up too high over the winter period to look at other options available to them before winter sets it, and for many this may be a case of looking for a cheaper provider in the area. The cost of energy usage can vary from one provider to another so it can be well worth taking the time to look at other options and providers.

Consumers are easily able to compare the prices on offer from a wide range of energy suppliers that service their areas by going online, and a number of comparison sites are available that will make the process easier and faster. By simply typing in some details about their property and usage habits consumers can quickly find out which supplier is likely to be the cheapest, and can then easily switch and start saving money.

One consumer stated: “I was with the same energy firm for years and years, and slowly but surely I could see my energy bills getting higher and higher. It came to the point where I was paying a fortune for my energy, and I was too nervous to use the heating and hot water even in winter. However, I finally took the plunge, went online, and switched suppliers, and over the past couple of years by energy bills have been far more reasonable and affordable.”

Tags: fuel, energy bills, cheaper provider, usage, energy usage, energy

Inaccurate bills common amongst energy suppliers

Many households are used to getting bills that are inaccurate for one reason or another, and these bills can come from a variety of sources and companies. This can be very frustrating for the bill payer, as it can mean that it takes longer to sort out their budget, which is something that most people want to get done as quickly as possible in the current financial climate.

It has been revealed that some companies are worse than others when it comes to sending out bills that are no accurate, and the group of companies that have emerged as being the worst for this type of activity is energy suppliers, according to a recent report.

Research was carried out by uswitch.com and indicated that consumers found energy suppliers to be the worst when it came to sending out inaccurate bills. Moreover, this is the fourth year in a row that energy suppliers have been voted worst in this survey, showing that much improvement is still needed when it comes to billing.

The data showed that in the last two years around 30 percent of households had received incorrect bills from their energy suppliers for their gas and electricity usage. Data also showed that of 17 percent of these households had been incorrectly billed by their energy supplier more than once.

Whilst some of the inaccuracies on the bills were sorted out within a week or two, the average time taken to resolve the problem was just over two months. This has led to a greater number of consumers providing their own readings o energy suppliers.

Uswitch stated: ‘Clearly there’s a long way to go before the energy industry lays the ghost of bad billing to rest, but there is some hope here. The fact that more households are providing suppliers with meter readings will play no small part in improving the accuracy of our energy bills.’

Tags: energy bills, inaccurate, billing, energy supplier, uswitch

Households struggling with winter fuel bills

According to recent reports there are now many households that are struggling with winter fuel bills as a result of very cold weather coupled with lack of price cuts from energy suppliers. The high energy bills that some households are having to try and cope with will add further strain to the already difficult financial situations of many people.

The average amount that households are expected to pay for the fuel that they used over the winter period is £532.70, and this takes it above the previous record of £475, reflecting an increase of over £50. Many have been keeping the heating on for longer during the cold weather and this has driven up the cost of their energy bills.

Whilst the spring is officially here and summer is only around the corner there are still warnings of cold weather being released, and this means that consumers are likely to continue using their heating at a time of year when they might usually have stopped using it. Many are also putting the temperature up when using their heating, which can also make a big difference on bills.

The figures relating to winder fuel bills were put together by Energyhelpline.com, which has accused the government of failing to stand up for consumers. Whilst wholesale prices on energy have fallen dramatically by around 60 percent there are concerns that household energy usage costs have only dropped by around 15 percent coming nowhere near reflecting the saving that the energy firms are making.

Officials are also concerned that some people may be receiving inaccurate bills and paying more than they need to because they do not take the time to check the bills. Consumers are also being advised to try and switch providers to get a better deal.

Energyhelpline.com stated: ‘In a privatised energy market, there is little governments can do and they need to be honest and tell people that the only way to reduce their bills is by taking personal responsibility to find the best deals.’ 

Tags: Heating, market, energy bills, wholesale prices, previous record

Green insurance on offer from M&S

High Street giant Mars & Spencer has branched out into a number of different areas over the years, including financial services and insurance. It has been reported recently that those thinking of taking out cover with M&S insurance services will be able to do their bit for the environment as the retail giant is now offering green insurance cover. Read more

Tags: energy saving, Types of insurance, Financial services, Mars & Spencer, energy bills, M&S Money, Insurance, energy efficiency rating

Get Help for Paying Your Energy Bills with a New Government Program

The recent announcement by Gordon Brown, the Prime Minister of the UK, will help alleviate some of the stress most UK families are feeling as a result of not having enough money to pay their essential monthly expenses. Read more

Tags: Warm Deal Scotland, government help, energy bills, Warm Front England, Home Energy Savings Program

Rows erupt over energy bills increases

According to recent report a number of rows have erupted over direct debit payments on energy bills, with many concerned that people are being charged way over the odds on their direct debits by the energy giants, which is resulting in increased profits for the energy firms but leaving many consumers unable to keep on top of their monthly direct debits for their energy bills. Read more

Tags: energy bills, scale, energy giants, debit payments, Financial services, hiking, use, Consumer Focus

Will you be cutting back on your heating this year?

With energy prices having rocketed twice over the course of this year, it seems that an increasing number of us will have to cut back on our energy usage in order to cope with rising bills. Many elderly people will be doing just that, and recent surveys have revealed that millions of elderly people will be heating up just one room in their homes or even staying in bed in order to try and keep warm over the winter months. For many the colder months are set to be miserable ones. Read more

Tags: money, order, home, Household, christmas, whilst, heating costs

Watchdog wants bills cut in winter

A consumer watchdog has stated that energy bills must be cut by the UK’s energy giants for the winter, stating that the fall in oil prices over recent months warrants a fall in energy prices.

Both the government and consumer campaigners have said that energy companies need to start reducing the cost of gas and electricity usage over the coming weeks, as the cost per barrel of oil has fallen by close to 50% since the summer. Petrol companies have already slashed petrol prices since the price of oil came down, although the price cuts did take some time to filter through. Read more

Tags: uk, wholesale price rises, energy companies, electricity, price

Estimated energy bills can be inaccurate

Officials from a new consumer watchdog group have expressed concern that many consumers are receiving estimated energy bills that mean somewhere along the line they will end up paying more for their energy usage than they need to, netting the energy films more profit and leaving the consumer even more out of pocket. Read more

Tags: response, industry groups, oil, Physics, energy bills, meter