Energy news in general

bristolleedsfan

3 November https://www.cornwall-insight.com/predicted-fall-in-the-april-2023-price-cap-but-prices-remain-significantly-above-the-epg/?fbclid=IwAR0vPdXFRpP9fkKbUJtMFHhEocIHAGo5u21qC3O_03x7q7_2F2-r7DtTEjg

tlcgrantham

Shows why Octopus Tracker uses are benefiting from lower wholesale prices.

GingerTim

The Treasury is considering raising the energy cap from its current level of £2,500 from next April, with discussions in progress over whether to announce a new policy at next week’s autumn statement.

Two government sources said there was an active debate in the Treasury about announcing the level of support from April after Jeremy Hunt, the chancellor, cancelled Liz Truss’s plan to keep the current cap at £2,500 for a typical annual bill for two years.

A government source said no decisions had been taken yet but that raising the level of cap while adding extra support for vulnerable people was “one of the options”.

...

However, it is understood that continuing some universal level of support, possibly in the form of a higher energy cap, is also on the table.

https://www.theguardian.com/money/2022/nov/11/treasury-discussing-raising-energy-price-cap-from-april-say-sources

chris_n

While acknowledging people need help there is a huge danger that all of this targeted help and means testing for certain benefits is creating a trap for low earners including my  own daughter. She is already in a position where as I understand it if she earns just a little more she will lose out on council tax, housing benefit, social tariffs for water, telephone etc as well as reducing UC. I could be wrong on this as I have never claimed any benefits apart from 4 weeks in 1978  between leaving school and starting my apprenticeship. 

bristolleedsfan

https://www.ft.com/content/21178d0a-f5fe-4821-9474-3f0174c16289

Bulb transfer to Octopus delayed after intervention by energy rivals

Judge adjourns hearing after British Gas, Eon and ScottishPower complain about transparency

bristolleedsfan

https://www.cityam.com/octopus-pushes-for-bulb-deal-after-approval-delayed-by-rivals-intervention/

Octopus pushes for Bulb deal after approval delayed by rival’s intervention

70sbudgie

https://www.energylivenews.com/2022/11/10/national-grids-underlying-operating-profit-soars-by-50/

brewerdave

Bulb takeover has cost us taxpayers serious cash ! 
Fury mounts over £6.5bn Bulb bailout | This is Money

dealyboy

Appalling ... full disclosure from government needed. 

brewerdave

So the toothless OFGEM has issued another "improvement" report.
Cost of living: Energy suppliers failing struggling customers - Ofgem - BBC News

The performance of OFGEM's Director of Retail on GMB this morning was appalling - made politicians look straight forward !!