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Are energy firms ripping off UK households?

Are energy firms ripping off UK households?

Published by: UTTILY
Date: 19 February 2019, 12:00 am

British Gas and Scottish Power are the latest major UK energy suppliers to announce a 10% price increase, in line with new price cap level announced by Ofgem earlier this month - that's five of the Big Six who have now increased prices.

The price cap was brought in by the government to end “rip-off energy prices”, but this latest round of energy prices hikes has come just as wholesale energy prices are plummeting – so are energy firms ripping off UK households by continually putting up prices?

Why are energy prices increasing?

Energy prices can…

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Beat the energy price hikes

Beat the energy price hikes

Published by: UTTILY
Date: 12 February 2019, 12:00 am

2018 was a bad year for energy customers and companies alike. Not only did households have to contend with a record number of price hikes – a whopping 57 rate rises, amounting to a rise of about £74 per household, compared with just 15 the year before – but 11 energy suppliers also went out of business.

And the cycle is starting all over again for 2019, as two energy suppliers have already ceased trading this year, and Eon has become the first energy supplier to announce it’ll be putting up its prices in response to Ofgem increasing…

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