MILLIONS of households are facing a bleak winter as energy costs soar – with fears that annual bills could jump by £400. It is a pretty scary prospect for household budgets, but there are things yo…
Previously, savvy consumers have been able to shop around for cheaper, fixed-price deals but now those are simply not available.
Big firms are charging at least £1,800 for fixed deals. It means there is no point in switching as things stand.There has been more demand as the pandemic eases, but at the same time there has been reduced supply from Russia and a lack of UK wind energy in a calm start to autumn. A Meanwhile, demand is rocketing in Asia, which also had a cold winter, putting pressure on international markets.
Yesterday, the International Energy Agency advisory body called on Russia to be “a reliable supplier” and increase production — but Russia denies withholding gas.THE UK is one of Europe’s biggest users of natural gas — 85 per cent of our homes use gasThe National Grid yesterday warned that electricity supply would be “tight” and this could push up bills further.
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