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| Version 3 | Version 4 |
|---|---|
| Gas prices: Why are they so high and what is the energy price cap? | Gas prices: Why are they so high and what is the energy price cap? |
| (about 20 hours later) | |
| Householders face a rise in energy bills, as well as the possibility their supplier could go bust. | Householders face a rise in energy bills, as well as the possibility their supplier could go bust. |
| This is due to a massive rise in the price energy suppliers pay for gas. | This is due to a massive rise in the price energy suppliers pay for gas. |
| Why are gas prices so high? | Why are gas prices so high? |
| There's been a worldwide squeeze on gas and energy supplies. | There's been a worldwide squeeze on gas and energy supplies. |
| A cold winter in Europe last year put pressure on supplies and, as a result, stored gas levels are much lower than normal | A cold winter in Europe last year put pressure on supplies and, as a result, stored gas levels are much lower than normal |
| There's been increased demand from Asia (which also suffered a cold winter) for liquefied natural gas. | There's been increased demand from Asia (which also suffered a cold winter) for liquefied natural gas. |
| This has helped push up gas prices in the UK, Europe and Asia. Since January, they've risen 250%. Prices have soared 70% from August alone. | This has helped push up gas prices in the UK, Europe and Asia. Since January, they've risen 250%. Prices have soared 70% from August alone. |
| In the UK, most big domestic suppliers buy gas months in advance - so they have yet to pass on the price rises of the past few months. | In the UK, most big domestic suppliers buy gas months in advance - so they have yet to pass on the price rises of the past few months. |
| Many customers are also on fixed tariffs so, until the tariffs run out, bills won't go up. | Many customers are also on fixed tariffs so, until the tariffs run out, bills won't go up. |
| Is the UK headed for a gas shortage this winter? | |
| Which energy suppliers have gone bust so far? | |
| Since wholesale gas prices started to spike, a number of firms have collapsed due to financial pressure. | |
| They have been unable to pay higher wholesale prices or get customers on fixed tariffs to share the burden by increasing bills. | |
| Enstroga, Igloo Energy and Symbio Energy are the latest energy suppliers to stop trading. | |
| Hub, Money Plus, Utility Point, People's Energy, PFP, Green and Avro have also been forced out of business. | |
| What can I do if my energy supplier goes bust? | |
| Energy bills may rise as firms fail, warns regulator | |
| Food firms face huge price rise for carbon dioxide | |
| Around 1.7 million customers have been affected. | |
| At the beginning of 2021 there were 70 UK energy suppliers. Now, there are just over 30. | |
| Industry sources have said there may be as few as 10 left by the end of the year. | |
| Gas prices: 'I'm just watching the meter go up' | |
| What is the energy price cap and how is it going up? | What is the energy price cap and how is it going up? |
| The energy price cap is a backstop introduced in January 2019 and set by the regulator Ofgem under government policy. | The energy price cap is a backstop introduced in January 2019 and set by the regulator Ofgem under government policy. |
| It sets the maximum price suppliers in England, Wales and Scotland can charge customers on a standard - or default - tariff. | It sets the maximum price suppliers in England, Wales and Scotland can charge customers on a standard - or default - tariff. |
| A higher cap is due to come into force from 1 October, with about 15 million households facing a 12% rise in energy bills. | A higher cap is due to come into force from 1 October, with about 15 million households facing a 12% rise in energy bills. |
| Those on standard tariffs, with typical household levels of energy use, could see an increase of £139 - from £1,138 to £1,277 a year | Those on standard tariffs, with typical household levels of energy use, could see an increase of £139 - from £1,138 to £1,277 a year |
| Households with larger than average energy use will pay more than £1,277 a year | Households with larger than average energy use will pay more than £1,277 a year |
| People with pre-payment meters could see an increase of £153 - from £1,156 to £1,309 | People with pre-payment meters could see an increase of £153 - from £1,156 to £1,309 |
| Households on fixed tariffs will be unaffected, but those coming to the end of a contract probably won't be able to find a cheap deal to replace it | Households on fixed tariffs will be unaffected, but those coming to the end of a contract probably won't be able to find a cheap deal to replace it |
| Because energy firms are now scarcely making a profit on gas, it's likely the energy "cap" will rise again in April. | Because energy firms are now scarcely making a profit on gas, it's likely the energy "cap" will rise again in April. |
| In Northern Ireland, there is a separate energy market with two suppliers. | In Northern Ireland, there is a separate energy market with two suppliers. |
| Prices will also rise next month by 21.8% (SSE) and 35% (Firmus). | Prices will also rise next month by 21.8% (SSE) and 35% (Firmus). |
| Why is the UK affected particularly badly? | Why is the UK affected particularly badly? |
| Gas prices are rising all across Europe, but there are extra reasons why the UK is hard hit: | Gas prices are rising all across Europe, but there are extra reasons why the UK is hard hit: |
| The UK is one of Europe's biggest users of natural gas - 85% of homes use gas central heating, and it also generates a third of the country's electricity | The UK is one of Europe's biggest users of natural gas - 85% of homes use gas central heating, and it also generates a third of the country's electricity |
| Supplies of renewable energy are down because it's been the least windy summer since 1961 - over the last week, wind provided just 9% of power for England, Wales and Scotland | Supplies of renewable energy are down because it's been the least windy summer since 1961 - over the last week, wind provided just 9% of power for England, Wales and Scotland |
| A recent fire at a National Grid site in Kent closed a power cable supplying electricity from France. | A recent fire at a National Grid site in Kent closed a power cable supplying electricity from France. |
| How have you been affected by issues raised in this article? You can share your experience by emailing haveyoursay@bbc.co.uk. | How have you been affected by issues raised in this article? You can share your experience by emailing haveyoursay@bbc.co.uk. |
| Please include a contact number if you are willing to speak to a BBC journalist. You can also get in touch in the following ways: | Please include a contact number if you are willing to speak to a BBC journalist. You can also get in touch in the following ways: |
| WhatsApp: +44 7756 165803 | WhatsApp: +44 7756 165803 |
| Tweet: @BBC_HaveYourSay | Tweet: @BBC_HaveYourSay |
| Upload pictures or video | Upload pictures or video |
| Please read our terms & conditions and privacy policy | Please read our terms & conditions and privacy policy |
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