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| Version 5 | Version 6 |
|---|---|
| Energy price cap: Why are fuel bills rising? | Energy price cap: Why are fuel bills rising? |
| (3 days later) | |
| Fuel bills for millions of households are rising. | Fuel bills for millions of households are rising. |
| It's because suppliers have been allowed to put up prices for the deals many customers are on. | It's because suppliers have been allowed to put up prices for the deals many customers are on. |
| What is the energy price cap? | What is the energy price cap? |
| The energy price cap sets the maximum price suppliers in England, Wales and Scotland can charge customers on a standard - or default - tariff. | The energy price cap sets the maximum price suppliers in England, Wales and Scotland can charge customers on a standard - or default - tariff. |
| The cap was increased on 1 October, with about 15 million households facing a 12% rise in energy bills. | The cap was increased on 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 will automatically be moved to a default tariff set at the new level | Households on fixed tariffs will be unaffected, but those coming to the end of a contract will automatically be moved to a default tariff set at the new level |
| It's likely the energy cap will rise again in April, as energy firms are paying high prices for gas. | It's likely the energy cap will rise again in April, as energy firms are paying high prices for gas. |
| 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 also rise this month - by 21.8% (SSE) and 35% (Firmus). | Prices also rise this month - by 21.8% (SSE) and 35% (Firmus). |
| 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. |
| Is the UK headed for a gas shortage this winter? | Is the UK headed for a gas shortage this winter? |
| Which energy suppliers have gone bust so far? | Which energy suppliers have gone bust so far? |
| Since wholesale gas prices started to spike, a number of firms have collapsed. | Since wholesale gas prices started to spike, a number of firms have collapsed. |
| They have been unable to pay higher prices for gas supplies, or pass all of the increased costs on to customers. | They have been unable to pay higher prices for gas supplies, or pass all of the increased costs on to customers. |
| Enstroga, Igloo Energy and Symbio Energy were the latest energy suppliers to stop trading. | Enstroga, Igloo Energy and Symbio Energy were 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. | 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? | What can I do if my energy supplier goes bust? |
| Gas prices: 'I'm just watching the meter go up' | Gas prices: 'I'm just watching the meter go up' |
| Food firms face huge price rise for carbon dioxide | Food firms face huge price rise for carbon dioxide |
| About 1.7 million customers have been affected. | About 1.7 million customers have been affected. |
| At the beginning of 2021 there were 70 UK energy suppliers. | At the beginning of 2021 there were 70 UK energy suppliers. |
| Industry sources have said there may be as few as 10 left by the end of the year. | Industry sources have said there may be as few as 10 left by the end of the year. |
| 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. |
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