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Wales Online
02-06-2025
- Automotive
- Wales Online
Economist says drivers could save up to £8,350 with one switch
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Drivers are in the dark about EV charging costs, with only 4% knowing they could charge an EV at home for less than the price of a latte, according to new research. Data shows the average driver thinks EV at home charging is 10 times pricier than it could be, with almost two thirds admitting they have little to no knowledge about EV charging costs. UK drivers spent an average of £48 on petrol the last time they filled up their tank, with over three quarters reporting worry about rising fuel costs. Over half drive less than they used to due to the cost of petrol. To make a point, Next, opened EVerything £2.70, a grocer that only stocked items worth £2.70, the same price drivers could be paying to fully charge their EV overnight at home. The store included a range of goods with a £2.70 price tag, such as four fifths of a shop bought coffee, one and a half loaves of bread, just under half a pack of toilet rolls and three quarters of a box of cereal. Next partnered with economist Dr Sofia Sanchez to highlight the savings different groups of people living in the UK could make on fuel if they switched to EV. Dr Sanchez' found high-mileage drivers, such as a salesperson covering 20,000 miles annually, could save more than £8,350 in running costs over three years. In the same amount of time, parents who use their car mostly for school drop-offs, supermarket runs, and short commutes could save £2,510. A professional commuting regularly to work could also see potential savings of up to £3,797 over three years travelling 30,000 miles. Dr Sanchez found lower-mileage drivers, such as university students travelling 5,000 miles, could save more than £1,600 across three years, while a retired person driving 6,500 miles in rural areas could be saving over £3,500. Jean Coleman, Director of Commercial at Next, said: 'There are common misconceptions when it comes to the costs associated with running electric vehicles, which is why we wanted to highlight the potential savings through our EVerything £2.70 experience. 'As more people in the UK look at ways to lower their energy bills and reduce impact on the environment by switching from fuel to electric, there are now means to achieve both. We want to help people get the best value as part of the UK's transition to clean energy and empower our customers with innovative tariffs.'
Yahoo
23-05-2025
- 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.
North Wales Chronicle
23-05-2025
- 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.
Leader Live
23-05-2025
- 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.
Rhyl Journal
23-05-2025
- 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.
