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British households still 'saddled with highest energy bills in developed world'
British households still 'saddled with highest energy bills in developed world'

Yahoo

time23-05-2025

  • Business
  • Yahoo

British households still 'saddled with highest energy bills in developed world'

Energy experts have had their say on the news today that the energy price cap will fall to £1,720, saving households on capped tariffs £129 a year from July. Ashton Berkhauer, an energy expert at MoneySuperMarket, commented: 'The reduction in the energy price cap is welcome, if overdue, news for families across the country who the cost-of-living crisis has battered. "However, even with this reduction, the price cap is still almost 50% higher than when it was first introduced in 20191."​ 'For over half a decade, British households have been saddled with some of the highest energy bills of any developed country in the world. "The average UK household currently pays around 27% more for its energy than their European neighbours. "So, while this latest move from Ofgem is a step in the right direction, many households will still be feeling the impact of high energy bills.' Recommended reading: New and advanced 'ultra' speed camera that can see inside cars rolled out in UK Millions of drivers set to be impacted by new parking payment app in England Leading GP issues urgent prostate cancer warning to men across the UK Ashton continued 'In recent months we've worked with our energy partners to bring more competition into the market with below-price cap deals, helping households save up to £4333 on their energy bills, and with 92% of customers on a standard variable rate4, switching can make a real difference to your bills.' From 10am today (Friday 23rd May), MoneySuperMarket customers will have access to a new exclusive fixed energy deal from Next, below the new energy price cap5. Priced at £1,573 for a 12-month fix, the Next 12m fixed v56 tariff is £147 below the current energy price cap, and is available to both new and existing customers.

British households still 'saddled with highest energy bills'
British households still 'saddled with highest energy bills'

North Wales Chronicle

time23-05-2025

  • Business
  • North Wales Chronicle

British households still 'saddled with highest energy bills'

Ashton Berkhauer, an energy expert at MoneySuperMarket, commented: 'The reduction in the energy price cap is welcome, if overdue, news for families across the country who the cost-of-living crisis has battered. "However, even with this reduction, the price cap is still almost 50% higher than when it was first introduced in 20191."​ 'For over half a decade, British households have been saddled with some of the highest energy bills of any developed country in the world. "The average UK household currently pays around 27% more for its energy than their European neighbours. "So, while this latest move from Ofgem is a step in the right direction, many households will still be feeling the impact of high energy bills.' Recommended reading: Ashton continued 'In recent months we've worked with our energy partners to bring more competition into the market with below-price cap deals, helping households save up to £4333 on their energy bills, and with 92% of customers on a standard variable rate4, switching can make a real difference to your bills.' From 10am today (Friday 23rd May), MoneySuperMarket customers will have access to a new exclusive fixed energy deal from Next, below the new energy price cap5. Priced at £1,573 for a 12-month fix, the Next 12m fixed v56 tariff is £147 below the current energy price cap, and is available to both new and existing customers.

British households still 'saddled with highest energy bills'
British households still 'saddled with highest energy bills'

Leader Live

time23-05-2025

  • Business
  • Leader Live

British households still 'saddled with highest energy bills'

Ashton Berkhauer, an energy expert at MoneySuperMarket, commented: 'The reduction in the energy price cap is welcome, if overdue, news for families across the country who the cost-of-living crisis has battered. "However, even with this reduction, the price cap is still almost 50% higher than when it was first introduced in 20191."​ 'For over half a decade, British households have been saddled with some of the highest energy bills of any developed country in the world. "The average UK household currently pays around 27% more for its energy than their European neighbours. "So, while this latest move from Ofgem is a step in the right direction, many households will still be feeling the impact of high energy bills.' Recommended reading: Ashton continued 'In recent months we've worked with our energy partners to bring more competition into the market with below-price cap deals, helping households save up to £4333 on their energy bills, and with 92% of customers on a standard variable rate4, switching can make a real difference to your bills.' From 10am today (Friday 23rd May), MoneySuperMarket customers will have access to a new exclusive fixed energy deal from Next, below the new energy price cap5. Priced at £1,573 for a 12-month fix, the Next 12m fixed v56 tariff is £147 below the current energy price cap, and is available to both new and existing customers.

British households still 'saddled with highest energy bills'
British households still 'saddled with highest energy bills'

Rhyl Journal

time23-05-2025

  • Business
  • Rhyl Journal

British households still 'saddled with highest energy bills'

Ashton Berkhauer, an energy expert at MoneySuperMarket, commented: 'The reduction in the energy price cap is welcome, if overdue, news for families across the country who the cost-of-living crisis has battered. "However, even with this reduction, the price cap is still almost 50% higher than when it was first introduced in 20191."​ 'For over half a decade, British households have been saddled with some of the highest energy bills of any developed country in the world. "The average UK household currently pays around 27% more for its energy than their European neighbours. "So, while this latest move from Ofgem is a step in the right direction, many households will still be feeling the impact of high energy bills.' Recommended reading: Ashton continued 'In recent months we've worked with our energy partners to bring more competition into the market with below-price cap deals, helping households save up to £4333 on their energy bills, and with 92% of customers on a standard variable rate4, switching can make a real difference to your bills.' From 10am today (Friday 23rd May), MoneySuperMarket customers will have access to a new exclusive fixed energy deal from Next, below the new energy price cap5. Priced at £1,573 for a 12-month fix, the Next 12m fixed v56 tariff is £147 below the current energy price cap, and is available to both new and existing customers.

British households still 'saddled with highest energy bills'
British households still 'saddled with highest energy bills'

Glasgow Times

time23-05-2025

  • Business
  • Glasgow Times

British households still 'saddled with highest energy bills'

Ashton Berkhauer, an energy expert at MoneySuperMarket, commented: 'The reduction in the energy price cap is welcome, if overdue, news for families across the country who the cost-of-living crisis has battered. "However, even with this reduction, the price cap is still almost 50% higher than when it was first introduced in 20191."​ 'For over half a decade, British households have been saddled with some of the highest energy bills of any developed country in the world. "The average UK household currently pays around 27% more for its energy than their European neighbours. "So, while this latest move from Ofgem is a step in the right direction, many households will still be feeling the impact of high energy bills.' Recommended reading: Ashton continued 'In recent months we've worked with our energy partners to bring more competition into the market with below-price cap deals, helping households save up to £4333 on their energy bills, and with 92% of customers on a standard variable rate4, switching can make a real difference to your bills.' From 10am today (Friday 23rd May), MoneySuperMarket customers will have access to a new exclusive fixed energy deal from Next, below the new energy price cap5. Priced at £1,573 for a 12-month fix, the Next 12m fixed v56 tariff is £147 below the current energy price cap, and is available to both new and existing customers.

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