Energy bills could soar even higher as customers face forking out to run collapsed firm Bulb. Business Secretary Kwasi Kwarteng admitted he did not know if the £1bn-a-year cost would fall on a buyer for the firm, the Treasury, or all customers’ bills. Raising bills to cover the costs of propping up Bulb Energy, which failed in November, would be another blow to Brits as bills hit £2,800 a year this winter. But in a glimmer of hope, Mr Kwarteng also suggested electricity bills could be cut in future, by no longer pegging them to the price of gas. He said: “It cannot be the case forever that we can link directly our electricity prices to gas prices when gas is only a portion of the electricity generating mix.” Annual electricity and gas bills are already expected to hit £2,800 a year from October as the price cap is raised. Alongside this, the £2.7bn cost of 28 suppliers collapsing will be spread across customers' bills nationwide - adding about £94 per home. A deadline … [Read more...] about Your energy bills could soar EVEN higher to cover costs of collapsed Bulb Energy
British Gas has reopened its hardship fund for non-customers today (July 1) with grants worth up to £1,500 for struggling households. The British Gas Energy Trust for Individual and Families closed in the spring but is now accepting applications once again. To be eligible for help, you need to live in England, Scotland or Wales and be in debt to your energy company (not specific to British Gas). You must also not have more than £1,000 in savings and have received help from a money advice agency. The easiest - and the free way - to do this is through a charity. The main ones who will help you with energy bills are National Energy Action , Home Energy Scotland and Citizens Advice . Are you worried about affording your energy bills this winter? Let us know: [email protected] Finally, to get help through British Gas, you must not have received a grant from its Energy Trust within the last two years. You can see full eligibility criteria and … [Read more...] about British Gas reopens hardship fund TODAY with free energy bill help worth up to £1,500
Hospitals across Britain face rises in power bills running into millions of pounds as the spiralling cost of living crisis hits NHS trusts. As household fuel bills climb to unprecedented levels, the health service also faces soaring charges as a result of the escalating cost pressures. A survey of NHS trusts across England and Scotland shows they are facing rises of up to £29 million in the three financial years to date. Sharp rises in energy costs caused by factors including the end of the pandemic and the war in Ukraine are also hitting the NHS, figures obtained through Freedom of Information Act requests by Metro.co.uk show. In Nottingham, costs for gas, electricity and oil combined rose from £8.8 million in 2020 and 2021 to £15.8 the following year. The budget, and therefore forecast, for the current financial year is £37.9 million. At St George’s Trust in London , which runs one of the largest hospitals in the UK, the bill for gas and electricity is due … [Read more...] about Soaring fuel bills add to ‘dire’ cost pressures facing NHS
A rush to lock in low borrowing costs sparked the biggest rise in mortgage lending in eight months as the housing market defied rising interest rates and the cost-of-living crisis. While the figures indicate the property market is holding up more strongly than feared, economists warned a slowdown will soon take hold . Markets expect the Bank of England’s base rate to jump from 1.25pc to above 2.5pc by the end of the year as its policymakers try to battle 40-year-high inflation . pressure on households’ real disposable incomes from the large increase in the cost of essentials, and the current record low level of consumers’ confidence, home-buyer numbers surely will dwindle in the second half of this year.” … [Read more...] about Mortgage lending leaps as buyers rush to get ahead of rising rates
With blistering summer temperature around much of Europe, it may be hard to convince people to think about heat pumps . But a push for more renewable energy plus the ongoing war in Ukraine and the curtailing of Russian gas and oil means there has hardly been a more pressing time. A heat pump is a system that moves around thermal energy. There are a number of different types of devices based on what they use, including exhaust air, ground and water. Ground-source heat pump equipment taps into the nearly constant temperature below the soil's surface. These geothermal heat pumps draw heat into a building in winter and remove warm air in summer, acting like an air-conditioner. This type of system uses a network of water-filled pipes that are either laid horizontally a few feet underground or pipes drilled vertically much deeper into the Earth's core. Advocates say the systems can be used nearly anywhere and are cheaper to run than other heating and air-conditioning systems like … [Read more...] about Can heat pumps be the answer to higher energy costs?
ADELE has revealed for the first time how she was savaged by a “brutal” backlash after postponing her Las Vegas shows. The Hello superstar, 34, admitted she was frightened to call them off this year and said she was “a shell of a person” for months afterwards. But she stands by the last-minute decision in January, saying: “You can’t buy me . . . you can’t buy me for nothing. I’m not going to do a show because I have to.” Adele , speaking on Desert Island Discs this morning, also confessed to feeling “terrible” after her dramatic seven-stone weight loss left young fans with confidence issues. But she defended herself against claims she had betrayed them, hitting back: “They ain’t there at 4am when I’m crying my heart out with anxiety and needing a distraction.” And the pop icon, who has son Angelo, nine, with ex-husband Simon Konecki, told host Lauren Laverne she would love to have more children in the future. Read more on Adele SOMEONE … [Read more...] about I was a shell of a person after brutal backlash from cancelling Las Vegas shows, says Adele
Some 700,000 Ukrainian soldiers are now actively participating in defending the country, Ukrainian President Volodymyr Zelenskyy said in a televised interview on Saturday. In comparison, Russia deployed anywhere between 100,000 to 190,000 troops when it launched its invasion on 24 February, with the exact numbers of currently active units unclear. Meanwhile, the Moscow forces continued their assault in the east after claiming victory in Mariupol on Friday as the last Ukrainian defenders holed up in Azovstal laid down their arms. Read more about the day's developments in our live blog below. 05.21.2022 10:03 Saturday's key points: Russia suspended its gas delivery to Finland on Saturday morning in response to the country's NATO membership bid. The Russian military says it has fully taken over the Azovstal steelworks in Mariupol after the last Ukrainian fighters gave themselves up. Earlier, Moscow said more than 1,900 Ukrainian fighters … [Read more...] about 700,000 soldiers defending Ukraine now, Zelenskyy says, as battles rage in the Donbas