Millions of households are set to lose out as five of the ‘big six’ energy providers announce more price hikes for their standard variable tariffs. The news has sparked fresh calls for price freezes, and regulatory body Ofgem has called on providers to justify the rises.
Energy consumers will be hit in the pocket as a wave of price hikes are announced by UK providers. The government is coming under pressure to act as E.ON became the latest of the Big Six to declare price rises across gas and electricity. As it currently stands, five of the Big Six suppliers (EDF, E.ON, npower, SSE and Scottish Power) have come out with price rise announcements.
Telecoms provider BT has announced that it’ll be increasing its Broadband and call package prices, as well a charging its TV customers for BT Sport.
Recently, some people may have received unsolicited sales and marketing calls – also known as nuisance calls - promoting boiler cover and other products using the name UKPower. Please note, this type of aggressive cold calling is not something that we agree with, or partake in.
On 26th November, domestic energy provider GB Energy announced that they have ceased trading, leaving 160,000 households at risk of facing higher energy bills. The company blamed rising oil prices and the increase on wholesale gas and electricity costs. Due to these difficulties, GB Energy is the first budget energy provider that has stopped trading this winter. If you were affected by the closure of GB Energy, here are the key facts you need to know to keep your energy bills in check: