Government has room to provide more support to billpayers. Craig Lowrey and his colleagues at Cornwall

Soaring gas prices consigned a string of energy suppliers to the graveyard in 2021, and will lead to runaway household bills next year as the sector continues to struggle. Energy suppliers had been paying 54p per therm of gas at the beginning of the year.... By September, that had reached more than ￡3 and peaked even further to ￡4.50 just before Christmas.It was an unprecedented spike caused by something of a perfect storm on global markets. Firstly, last winter was unusually cold in the northe

In an attempt to protect the finances of companies, there have been cautionary measures taken to deal with any issues with finances that may arise. Companies are now reducing the amount of production they undertake of both toilet paper and food packaging. The chief of the Confederation of Paper Industries has put forward the suggestion of “ temporary winter cost-containment measure ” in an attempt to deal with the sector costs going “ through the roof ”.... Both the toilet roll and food packagi

Energy prices for millions of households could rise by another ￡1, 000 by October, the boss of the industry body has warned as gas prices continue to soar. Emma Pinchbeck, chief executive of Energy UK, said the average household might be forced to pay between ￡2, 500 and ￡3, 000 per year for their supplies.It would mean energy prices more than doubling from the current cap, which is set at ￡1, 277 per year for the average household.... The cap is already scheduled to rise to ￡1, 971 from the be

Households are braced for a cost of living crisis as-post-pandemic supply chain problems ramp up prices.... including cars, building materials, food packaging and even toilet roll. Factories have moved to reduce their output to save on costs as the price of energy went through the roof.... almost three times the funding that has been allocated over the next three years....

New forecast predicts lowest energy price cap since March 2022( Image: Getty) However, bills are set to rise again in the future, warns energy experts Cornwall Insight.... Taking this reduced usage into consideration, the price cap could be around ￡1, 823, says Cornwall Insight. The cost for a unit of electricity will be 26. 96p, while the cost of gas will be 6. 93p.... This may include adverts from us and 3rd parties based on our understanding....

What can I do if I can't pay my energy bill?... Check your direct debit: Your monthly payment is based on your estimated energy use for the year.... Your supplier can reduce your bill if your actual use is less than the estimation....

It's like being kicked when you're down.... It went up in October, it went up in January, it's going up again in April." It just shows how cruel it was for the winter fuel payment to be taken away.... This may include adverts from us and 3rd parties based on our understanding....