Everyday UK items that could go up in price after Donald Trump attack on Iran

Household energy bills couple triple and petrol prices could soar if Iran blocks the Straits of Hormuz amid…
#UnitedKingdom #UK #Europe #EU #BankofEngland #banks #DonaldTrump #Energy #energybills #GasPrices #globaleconomy #GreatBritain #Inc. #interestrates #Iran #marcorubio #middleeast #ofgem #oilprices #SimonWilliams #Theeconomy #TheGoldmanSachsGroup #UniversityofSurrey
https://www.europesays.com/2187960/

#Energy bills will fall by 7% in July, according to #Ofgem.

But this price drop will barely scratch the surface for many struggling to pay their bills. The way to reduce bills sustainably is to break the link between our energy bills and the volatile gas market!

Energy bills set to change this summer in major boost for millions of UK households

https://fed.brid.gy/r/https://www.manchestereveningnews.co.uk/news/cost-of-living/energy-bills-change-summer-households-31672678

Warm Home Discount Scheme expansion to see £150 payment for one million more people

https://fed.brid.gy/r/https://www.manchestereveningnews.co.uk/news/cost-of-living/warm-home-discount-scheme-expansion-31281915

#Petition #OFGEM

Citizen's Advice ran an investigation that found distribution networks in the UK were 'accidentally' given more than £4bn of excess profits since 2021

These have been paid by every household through standing charges on our energy bills over the last four years

This works out to roughly £130 per household

We should be given this money back

https://www.change.org/p/give-us-back-our-4bn-ofgem

Households can beat energy price cap rise with simple money saving step

https://fed.brid.gy/r/https://www.manchestereveningnews.co.uk/news/cost-of-living/households-can-beat-energy-price-31180154

I just signed the petition “Give us back our £4bn Ofgem!” and wanted to see if you could help by adding your name.

Our goal is to reach 2,500 signatures and we need more support. You can read more and sign the petition here:

https://chng.it/HKW8fF9rB9

Thanks!
Jules
#petition #ofgem #CostOfLiving #CostOfLivingCrises #electricitybills

📈 The 6.4% increase is more than the 5% analysts 🤥 had forecasted, and will hit people's finances at the same time as water and council tax increases❗️

#CostOfLivingCrisis #EnergyCrisis #EnergyBills #Poverty #Ofgem #UKLabour #LabourParty #KeirStarmerMP #BrokenBritain

Every newspaper says #MakeItFair and urges the uk government to not allow #ai to be trained on creative works.

Funny how on the same day #Ofgem announces increase on water bills cap.

Maybe we should be using AI to free ourselves from menial work, not creating ai slop.

#energy
#Ofgem
Why this is still confusingly referred to as a price cap.
Your monthly energy bill is not capped.
The price per unit is capped but not your bill.

Average annual energy bill to rise to £1,849 in Great Britain from April https://www.theguardian.com/money/2025/feb/25/average-annual-energy-bill-great-britain-energy-price-cap-gas-electricity-charges?CMP=share_btn_url

The head of #Ofgem is interviewed and explains that the energy price cap is rising by 6 4% from April. This, he says, is due to the increase in the wholesale price of gas.

Less than two minutes later, Ed Conway shows us a graph indicating that in the last fortnight the wholesale price of gas fell by 22%

Price gouging

https://voxpoliticalonline.com/2025/02/20/why-is-ofgem-refusing-to-ban-hated-energy-standing-charges/ “#ofgem has run a consultation on standing #charges that received an unprecedented number of responses: 30,000.

And do you know what? The majority of those responses called for the standing charges to be scrapped altogether.” #energybills

I'm just amazed that Ofgem's offices aren't being protested at this absolute farce and theft from the public. #ofgem

https://www.thecanary.co/uk/news/2025/02/18/ofgem-consultation/ “There’s just ten days left to tell the government that energy regulator Ofgem is not fit for purpose. The deadline approaches just as Ofgem prepares to announce yet another hike to the energy price cap. That is, the regulator will hit household energy bills once again, all while lining the pockets of the profiteering energy companies.

So, campaign group Fuel Poverty Action is urging people to speak up.” #energy #energybills #ofgem #costofliving

The government is doing a consultation on new rules for the energy regulator Ofgem.
Please fill in this survey.
https://tinyurl.com/2a8re3ux
#survey #gas #ofgem #electricity #uk

Why have Britain’s energy costs soared and what does it mean for Labour? https://www.theguardian.com/business/2025/jan/10/britain-energy-costs-labour-power-plants-uk-cold-weather #Renewableenergy #Energyindustry #Environment #Commodities #Regulators #Business #Politics #Labour #UKnews #Energy #Ofgem #Gas

Here’s the important thing about regulators, in case anyone should miss it. Which Keir Starmer obviously has:

“On the other side of the argument will be groups in various sectors where there is a regulator, who argue that what the government sees as obstacles are in fact necessary rules.”

https://www.bbc.co.uk/news/articles/cy0n14ywzqpo

#KeirStarmer #Labour #Economy #Regulation #Ofgem #Ofwat #FCA

I see stories about "zero standing charge" tariffs on domestic power. They had this before with some suppliers and the big problem is that all they did was work it out to be able to recover the shortfall by bumping the price of the first x units so that you basically paid the same anyway.

#Ofgem #StandingCharges

UK ‘needs to play catch-up’ in global race to rewire electricity grids https://www.theguardian.com/business/2024/dec/09/uk-renewable-energy-grid-connection-infrastructure #Renewableenergy #Energyindustry #Infrastructure #ScottishPower #NationalGrid #Environment #Solarpower #Utilities #Windpower #Scotland #Business #UKnews #Energy #Ofgem #SSE