Energy bills are showing no sign of decreasing as the UK battles to cope with the cost of living crisis. Inflation has skyrocketed to a record seven percent following the coronavirus pandemic and the war in Ukraine.
Energy regulate Ofgem has also just announced that UK should update the price cap on energy bills every three months instead of twice a year to help households. The energy price cap rose by 54 percent on April 1, leaving customers having to deal with massive increases in their energy bills, with some paying more than double for their gas and electricity.
An investigation launched into claims firms are ripping off customers through direct debits was announced last week by Business Secretary Kwasi Kwarteng. Ofgem chief executive, Jonathan Brearley, confirmed firms are seeing “bad practices”, in order to ease cashflow problems, as businesses pass on the rising energy costs to consumers, reports the Express.
