Gas and electricity news and energy saving tips

Misery for Motorists as Petrol Prices Peak test

Following a tumultuous year and a half for drivers, petrol prices are once again on an upward trajectory. The UK market suffered a sharp spike in costs back in February 2022 during Russia's incursion into Ukraine. Since then, the prices have shown considerable volatility.

It’s currently estimated that filling up an average family car costs around £82. In this article, we delve into the causes of these fluctuations, the link to energy bills, and strategies for saving.

Energy Answers for First-Time Landlords

As a first-time landlord, effectively managing energy is advantageous for your tenants and property investment, impacting profits and sustainability. If you're navigating the complexities of energy management and whether to include energy costs in rent, this is the guide for you.

Are Electric Cars Worth the Investment?

In light of growing environmental awareness and a push towards more sustainable lifestyles, electric cars have inevitably become more popular. Beyond the advantage of reducing carbon footprints, this article looks into the financial plus points and drawbacks of making an investment.

UK Power Cut Survey Revealed

Power cuts can be extremely disruptive in a modern world so heavily reliant on electricity. Whether the cause is weather, high energy demand, or failures within the electricity network, these disturbances can cause mayhem in our daily lives and prohibit us from carrying out everyday tasks such as cooking, cleaning, or working – effectively halting our usual way of life.

To uncover more about power cuts and how they differ throughout the UK, we at UKPower have surveyed over 2,000 UK residents. Throughout the survey, we questioned respondents on the length and frequency of these power outages and how this affected their daily lives. We wanted to examine how this differs by region and UK city to understand which areas suffer most from power cuts.

Energy Tariffs: To Fix or Not to Fix?

To fix or not to fix? That is the question for consumers across the UK pondering whether to fix their tariff. If you’ve been offered a fixed price energy contract by your provider, you shouldn’t rush into accepting it even if the numbers look appealing. In this guide, we explain the factors you should consider in order to make an informed decision.

Are High-Cost Contracts Putting Hospitality at Risk?

A growing number of businesses are feeling the pressure caused by the volatility of energy costs, which have surged to unprecedented levels in recent years. The UK’s hospitality industry is bearing the brunt of the impact due to rising food prices, resulting in a staggering 4,600 establishments closing for good last year. The restaurant sector is navigating a challenging period, evidenced by a 7.8% decline in licenced premises.

Businesses are now raising concerns about the lack of response from energy regulatory body Ofgem and are accusing energy suppliers of putting the sector at risk.

Can Industrial Action Impact Your Energy Costs?

Over the past few months, the UK's oil and gas sector has faced uncertainty due to offshore workers in the North Sea voicing their grievances, escalating to the brink of potential strike action. This growing unrest within the workforce has cast a shadow over the entire industry, carrying possible implications for the nation's energy market.

The individuals in question are pivotal in extracting fossil fuels from beneath the North Sea. Any disruption could significantly impact production and send ripples through the supply chain. Balancing the concerns of offshore employees with the need to maintain fuel stability could pose a delicate challenge for both oil and gas firms and the UK government.

This article delves into the current influencing factors and examines their potential ramifications for British enterprises and their energy expenses.

Will Energy Prices Ever Go Back Down?

Factors such as rising demand, limited supplies, storage constraints, and the ongoing conflict in Ukraine have all contributed to spiralling energy prices over the last two years. Consumers are now feeling the pressure of rising bills and are understandably asking: "Will energy prices ever go back down?”

In this article, we examine the current situation in the British energy market and look to answer this question.

What is the Energy Price Cap?

In May, energy regulator Ofgem announced the Energy Price Cap would decrease as of 1st July 2023. This is excellent news, but how much can you expect to save, and will it make a difference to your household bills? In this article, we explain what the Energy Price Cap is and how it could save you money on your home energy bills.

Will the UK Ban New Oil and Gas?

There has been a lot of pressure applied to the UK Government in recent months by protestors, opposition in Parliament, and industry experts to ban the development of new oil and gas production. The Labour Party has now pledged to do just that should they win power in the next general election. In this article, we explore whether a UK ban on new oil and gas is likely and how your energy bills could be affected.