It's National Price Hike Day today, with everything from council tax to broadband going up. But there's better news for drivers, who are starting to see promising signs of car insurance premiums falling. And, there's the return of a popular alcoholic drink from the 1990s...
People who live in poorly insulated homes could end up with gas bills about 50% higher than those whose properties have met government targets as the new price cap comes into force. The average annual gas bill will be about £340 higher per year for homes with an energy performance certificate score of F, according to analysis by the Energy and Climate Change Intelligence Unit .This extra cost is compared with homes with EPC ratings of C, which are considered reasonably well-insulated.
Homes with a D rating will face annual bills about 15% higher. In September, Prime Minister Rishi Sunak scrapped plans that would have forced private landlords to ensure their properties had a minimum level of insulation.ECIU energy analyst Jess Ralston said: 'Government insulation schemes are not delivering at target levels and fixing them does not seem to be a priority, despite the bill and energy security benefits.
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