Energy firm says bills may be cut early next year
One of the UK’s major energy suppliers has recently stated that it may be looking at cutting energy usage costs early next year if wholesale energy prices continue to fall. The price of crude oil fell earlier this year, and energy firms were slated by consumer campaign groups and officials by not responding to the drop in oil prices by cutting bills, but the energy firms said that the reason behind this was that the cost of wholesale energy was still high. Read more
Tags: wholesale energy, Energy crisis, Mayo, bill, cut, step, watchdog, wholesale energy prices
Energy prices continue to put strain on finances
Over recent months being in charge of the household finances has become an unenviable task, as most households have found that their budgets have been overstretched, making it very difficult to make ends meet. A number of factors have contributed to these financial difficulties, such as rising borrowing costs, tighter credit conditions, soaring petrol prices, rocketing food prices, and increasing bills. And, as has been the case quite often over the past few years, it is energy bills that are causing major problems when it comes to most household budgets. Read more
Tags: price, energy hikes, suppliers blaming increases, Energy crisis, drop, energy prices, petrol, cost