Plan on spending more on electric and heating bills this year. Most families may need to spend up to £200 more for their electric or gas bills. All of the Big Six suppliers have been increasing their rates this year. While we are only half-way through 2018, some of the suppliers have already increased their rates more than one time.
What is causing this? The Big Six are of course blaming the cost of oil and gas from their suppliers, also known as the wholesale rates. They state they are passing these costs on to their customers and the increases are out of their control. Some of the blame is going to OPEC or the shortage of oil in this world. Whatever the reason for the increases, they are bound to create hardships for struggling families who are already dealing with flat wages and increasing inflation.
Maybe the only bit of good news is that the increases will only impact customers on Standard Tariffs. While the percent and number of people impacted vary based on big six supplier, it ranges from 40 to 70 per cent of total customers from each company. So, the good news is not everyone will need to pay higher gas or electric rates, but the increases still impact more people than not. Even if your rates are not going up right now, it is wise to plan for future increases. As it may just be a matter of time before the cost of electric goes up for everyone in the UK.
The Salvation Centre in Camden works in partnership with the Cambria House, local council, and…
The Midlothian Council provides financial help to the poor, people on benefits, the jobless, or…
With the COVID-19 pandemic going on, many people have found themselves facing redundancy or the…
Hackney borough residents with an eviction notice or that are homeless can get help paying…
Rent deposit help is available in the Lambeth borough from a scheme that is run…
Government funds can help families or individuals pay for housing costs in Croydon. Using the…