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Market Oracle FREE Newsletter

Category: Household Bills

The analysis published under this category are as follows.

Personal_Finance

Friday, April 01, 2022

UK Energy Bills Catastrophe! 50% Price Cap Rise - SUBMIT Meter Readings ASAP to Avoid Extra Charges / Personal_Finance / Household Bills

By: N_Walayat

Britians' energy price cap has risen by 50% today which is what most customers will be paying given that all of the fixed rate deals charge more than even the latest price cap. If you have not already submitted a meter reading that it is still not too late to do so but the sooner you submit the better to avoid energy usage being charged at a 50% higher cost.

So having an accurate read of where customers stand WILL make a difference! Once upon a time the price cap could be ignored but not for the past 6 months as a myriad of energy firms such as Zog Energy dumped their fixed rate customers onto regulators who passed the customers onto firms such as EDF onto their variable rate tariffs that as of writing are some 60% BELOW fixed rate tariffs, so the worst thing anyone can do is to FIX their energy tariffs as even after tomorrows 50% hike, the price cap will still be lower than fixed rate deals, and likely remain so all the way into the next price price cap hike on 1st October when we could see another huge hike of as much as 30% ahead of winter 2022.

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Personal_Finance

Thursday, March 31, 2022

WARNING - Energy Price Cap 50% Rise Tomorrow, Take and Submit Gas Electric Meter Readings ASAP! / Personal_Finance / Household Bills

By: Nadeem_Walayat

Britians' energy cap is set to rise tomorrow that will probable see average standard rate tariffs hiked by over 50%! And this is no April Fools day joke! FIFTY PERCENT HIKE IN ENERGY PRICES! So having an accurate read of where customers stand WILL make a difference! Once upon a time the price cap could be ignored but not for the past 6 months as a myriad of energy firms such as Zog Energy dumped their fixed rate customers onto regulators who passed the customers onto firms such as EDF onto their variable rate tariffs that as of writing are some 60% BELOW fixed rate tariffs, so the worst thing anyone can do is to FIX their energy tariffs as even after tomorrows 50% hike, the price cap will still be lower than fixed rate deals, and likely remain so all the way into the next price price cap hike on 1st October when we could see another huge hike of as much as 30% ahead of winter 2022.

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Personal_Finance

Saturday, January 01, 2022

UK Energy Crisis WARNING 2022 - How to Avoid Huge Increase in Gas and Electric Fuel Bills Right Now! / Personal_Finance / Household Bills

By: Nadeem_Walayat

UK energy bill are set to continue to soar during 2022 as customers either come off their fixed rate deals or that their energy provider walks 'goes bust' away from their contracts with customers leaving to be dumped onto an regulator appointed supplier as was the case for us as our Gas supplier ZOG disappeared. So what do to when your fixed rate content ends? Do you go for the suggested fixes that your energy supplier will be eager to get you to move onto? Or do you go for the standard variable rate. Watch my latest video on Britain's energy crisis before you make a BIG mistake that could result in paying 2 or 3 times what you could have paid all as a consequences of falling prey to the games the energy suppliers play with customers.

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Personal_Finance

Tuesday, December 07, 2021

How to Read Your Smart Meter - Economy 7, Day and Night Rate Readings SMETS2 EDF / Personal_Finance / Household Bills

By: HGR

The push is on to roll out smart meters across the UK so that the energy providers get at least daily if not hourly updates of customers energy usage. However customers being able to read these new meters is not straight forward as clicking a button. So in this video I show how to read your SMART Meter Day and Night rate usage so as to ensure it is actually working properly as many home owners are complaining of huge jumps in energy bills following installations.

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Personal_Finance

Thursday, November 25, 2021

UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 / Personal_Finance / Household Bills

By: Nadeem_Walayat

Gas and electricity prices have surged to extortionate levels and winter has yet to bite sending the fixed rate deals for ALL energy providers soaring in the stratosphere. In my latest video in my inflation mega-trend series I explain why those with expiring tariffs will be making a huge mistake if they now went ahead and fixed their tariffs as energy providers have been eager to get customers to fix ahead of warnings of price highs when the energy cap is lifted in April 2022. This video could literally save you £1000 in making a costly mistake by fixing at the worst possible time at the worst possible rates!

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Personal_Finance

Thursday, September 23, 2021

UK Energy Firms Scamming Customers Out of Their Best Fixed Rate Gas Tariffs / Personal_Finance / Household Bills

By: Nadeem_Walayat

UK Gas Market Panic! Apparently energy firms are going bust, or are they? Wh at's the odds most of these firms going bust are going to soon reappear under a slightly different name with probably the same staff and premises. We are being SCAMMED! UK Energy customers are being SCAMMED out of their Fixed rate tariffs because the greedy basket energy firms did NOT HEDGE the natural gas price that they were busy encouraging prospective customers to fix at! Now they want to cancel the contracts by offloading the customers onto the regulators who is then going to dump the customers onto other energy firms on much higher tariffs, probably TRIPLE the tariffs that the customers had been fixed at. What a CON! What a SCAM! The directors of any energy company perpetuating such as scam should be blacklisted!

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Personal_Finance

Wednesday, May 05, 2021

Gas and Electricity Price Trends so far in 2021 for the United Kingdom / Personal_Finance / Household Bills

By: Dylan_Moran

With all of the major suppliers increasing their prices, consumers are becoming stressed in the United Kingdom. No one is certain what lies ahead and if the recent price increases will continue for the rest of 2021. With the average increases rising around £96 a year, people are feeling the sting to their wallets. Many are looking to experts to impart wisdom on what can be expected as the year goes on.

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ConsumerWatch

Friday, April 13, 2018

ISupply Energy Consumer Warning - Never Put Your Account Into Credit! / ConsumerWatch / Household Bills

By: N_Walayat

ISupply Energy is one of many small gas and electricity suppliers to UK customers at generally competitive prices. Unfortunately they are able to achieve their competitive prices through having far less overheads in terms of systems in place to manage their customer accounts. I say unfortunately for when things go wrong then communicating with the likes of Isupply energy is literally like talking to a brick wall as has been my experience over the past 18 months as an electricity customer.

So why I am not happy if their electricity prices are competitive against the likes of the bigger players such as NPower, British Gas and Scottish Energy?

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Personal_Finance

Friday, October 18, 2013

British Gas Freezing Pensioners Not Prices, 9.2% Price Hike, Exponential Inflation / Personal_Finance / Household Bills

By: Nadeem_Walayat

It's that time of the year when Britain's cartel of 6 energy suppliers steps forward one by one to announce extortionate price hikes with SSE's 8.2% of a few days ago now being followed by British Gas announcing that they will hike energy prices by 9.2% (gas prices by 8.4% and electricity by 10.4%).

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ConsumerWatch

Friday, November 12, 2010

British Gas (Centrica) Making Monopoly Rip off Profits with New Energy Price Hikes / ConsumerWatch / Household Bills

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleBritish Gas (owned by Centrica) paid propagandists have been busy making appearances on the mainstream broadcast media with misinformation to try and persuade its 9 million retail gas and electricity customers that the announced price hike of 7% from 10th December is justified, when the facts are that British Gas is ripping off its customers by making near monopoly profits as evidenced by a 98% rise in gas profits for the first half of 2010 to £585 million.

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ConsumerWatch

Friday, September 18, 2009

Should Energy Companies Ripping off Customers be Nationalised? / ConsumerWatch / Household Bills

By: Nadeem_Walayat

Ofgem, Britains' toothless energy regulator announced today what customers already knew that Britians' six main energy suppliers (British Gas, E.ON, Scottish Power, Scottish & Southern Energy, EDF Energy) are ripping off their customers to the tune of more than £170 each per annum. In the face of a 75% fall in the whole gas price energy suppliers have raised prices by 20% on a year earlier, this is AFTER a 35% price hike during mid 2008. The industry representatives have publically replied that they may even raise energy prices further despite the fact that average wholesale prices for power has halved over the past 12 months which is reflected in projected profits for the sector of £4 billion over the next 12 months.

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Personal_Finance

Tuesday, July 07, 2009

E.ON Energy Leads with Way with Tiny Gas Price Cuts / Personal_Finance / Household Bills

By: MoneySupermarket

Scott Byrom, utilities manager at moneysupermarket.com, said: "This price drop is a tiny step in the right direction.

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Personal_Finance

Wednesday, July 30, 2008

British Gas Punishes UK Customers with 35% Price Hike / Personal_Finance / Household Bills

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleA 100% rise in the wholesale gas price has resulted in retail gas suppliers in recent days pushing gas prices sharply higher. First to raise was EDF which announced a 22% rise, quickly followed by Britain's biggest gas supplier British Gas which today announced a 35% price hike.

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