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Energy bills in Great Britain to rise by 5% from January as cap hits £1,928
(www.theguardian.com)
this post was submitted on 23 Nov 2023
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This is the best summary I could come up with:
The regulator set out the price cap rise the day after the Treasury’s autumn statement, which offered a package of tax cuts for companies which plan to make investments.
This is expected to be particularly helpful for capital intensive green industries such as solar and offshore wind, which will also benefit from a new exemption from the government’s energy windfall tax.
But consumer campaigners heaped criticism on the Treasury for failing to put forward measures to help hard-pressed households pay their energy bills or insulate their homes.
The PM’s decision to scrap insulation requirements for landlords means renters are now locked into higher energy bills for years to come.
On Thursday, the energy regulator Ofgem opened a review of standing charges, which for some households have doubled over the past two years.
From 1 October the amount these charges add to a typical dual fuel bill will rise to above £300 a year – a figure that some argue unfairly penalises low-income households.
The original article contains 464 words, the summary contains 163 words. Saved 65%. I'm a bot and I'm open source!