26 °c
Accra
26 ° Tue
26 ° Wed
27 ° Thu
27 ° Fri
26 ° Sat
TV
Market
Monday, September 25, 2023
Nsemgh
  • News
    • All
    • Breaking News
    • Local News
    • World News
    One injured in gas station fire at Katamanso

    One injured in gas station fire at Katamanso

    Persons Involved In Leaked Tape On IGP Must Be Arrested – A Plus

    A-Plus to contest as independent candidate at Gomoa Central

    Photos and videos of #OccupyJulorbiHouse day 3 protest

    Photos and videos of #OccupyJulorbiHouse day 3 protest

    Jubilee House Demo To Proceed Despite Police Injunction Application

    Jubilee House Demo To Proceed Despite Police Injunction Application

    • Local News
    • World News
    • Breaking News
  • BUSINESS
    United Auto Workers expands their strike but few workers are involved

    United Auto Workers expands their strike but few workers are involved

    Absa Bank Ghana’s MD Abena Osei-Poku resigns on from Dec 18

    Absa Bank Ghana’s MD Abena Osei-Poku resigns on from Dec 18

    SpaceX employees fired after writing letter criticizing Elon Musk

    Elon Musk says Twitter, now X, could charge all users subscription fees

    Apple’s new iPhone 14 series is rumoured to be unveiled next month

    iOS 17 release: everything you need to know about Apple’s big updates

    Goldman Sachs Predicts No Interest Rate Hike

    Goldman Sachs Predicts No Interest Rate Hike

  • ENTERTAINMENT
    • All
    • Religion
    Usher to headline the 2024 Super Bowl halftime show in Las Vegas

    Usher to headline the 2024 Super Bowl halftime show in Las Vegas

    Kylie Jenner’s beau Travis Scott donates $1million to college students

    Travis Scott is questioned over crowd surge at Texas festival

    SpaceX employees fired after writing letter criticizing Elon Musk

    Elon Musk says Twitter, now X, could charge all users subscription fees

    YouTube suspends Russell Brand from advert income

    YouTube suspends Russell Brand from advert income

    Chioma Nnadi to replace Edward Enninful as head of British Vogue

    Chioma Nnadi to replace Edward Enninful as head of British Vogue

    Teyana Taylor and Iman Shumpert Break Up

    Teyana Taylor and Iman Shumpert Break Up

    • Religion
  • TECHNOLOGY
    • All
    • Architecture
    • Automobile
    SpaceX employees fired after writing letter criticizing Elon Musk

    Elon Musk says Twitter, now X, could charge all users subscription fees

    Apple’s new iPhone 14 series is rumoured to be unveiled next month

    iOS 17 release: everything you need to know about Apple’s big updates

    Tik Tok is hit with €345m fine

    Tik Tok is hit with €345m fine

    World’s biggest lithium reservoir found in McDermitt Caldera in Nevada

    World’s biggest lithium reservoir found in McDermitt Caldera in Nevada

    India: Chandrayaan-3 spacecraft lands on moon

    India: Chandrayaan-3 spacecraft lands on moon

    Contact NCA If You Are Without Ghana Card And Your SIM Has Been Deactivated – Ursula

    Trial phase of Digital Audio Broadcasting (DAB) launched in Ghana

    • Architecture
    • Automobile
  • Features
    • All
    • Announcement
    • Obituary
    • Opinion
    He is falling from the skyscraper -Elizabeth Ohene

    He is falling from the skyscraper -Elizabeth Ohene

    I Asked My Husband To Resign Many Times – Late Amissah Arthur’s wife

    I Asked My Husband To Resign Many Times – Late Amissah Arthur’s wife

    Unmasking Medi Ghana: The Unraveling of a Microfinance Fraud

    Unmasking Medi Ghana: The Unraveling of a Microfinance Fraud

    How El Chapo’s sons ruined America by creating a fentanyl empire

    How El Chapo’s sons ruined America by creating a fentanyl empire

    How many foreign workers have passed away in Qatar?

    How many foreign workers have passed away in Qatar?

    DEA’s most corrupt agent:   Parties , sex amid “unwinnable war”

    DEA’s most corrupt agent: Parties , sex amid “unwinnable war”

    • Opinion
    • Announcement
    • Obituary
  • Health
    Intelligence from “5eyes” partners help Canada link India to Sikh murder – USA

    Intelligence from “5eyes” partners help Canada link India to Sikh murder – USA

    Surgeons perform pig heart transplant on man in Maryland

    Surgeons perform pig heart transplant on man in Maryland

    USA: Recalled of  ground beef amid E.Coli

    USA: Recalled of ground beef amid E.Coli

    The truth about nitro-meats: my seven-year search for better bacon

    The truth about nitro-meats: my seven-year search for better bacon

    Ghana records surge in Apollo – Ghana Optometric Association

    Ghana records surge in Apollo – Ghana Optometric Association

  • LIFE STYLE
    • All
    • Fashion
    The truth about nitro-meats: my seven-year search for better bacon

    The truth about nitro-meats: my seven-year search for better bacon

    Change Condoms After Every Round Of Sex – Doctor Advises

    Change Condoms After Every Round Of Sex – Doctor Advises

    If You Have High Cholesterol, Limit These 7 Foods

    If You Have High Cholesterol, Limit These 7 Foods

    5 Red Flags You Should Never Ignore in Relationships: The Importance of Trusting Your Instincts

    5 Red Flags You Should Never Ignore in Relationships: The Importance of Trusting Your Instincts

    LGBTQ+ Pride parade returns to Boston after rift over inclusivity

    LGBTQ+ Pride parade returns to Boston after rift over inclusivity

    Your enemies are often within your circle – Vim Lady shares

    Your enemies are often within your circle – Vim Lady shares

    • Fashion
  • Sports
    • All
    • Local Sport
    • World Sport
    Premier League:Manchester united 2-2 Leeds

    Manchester United: Sancho to train away from first team after refusing to apologise

    Saudi Arabia, Turkey clubs interested in Mason Greenwood- Sources

    Mason Greenwood joins Getafe on loan

    John Mahama Rescues Ex-black Queens Goalkeeper

    John Mahama Rescues Ex-black Queens Goalkeeper

    Nations League: England 3-Germany 3

    Manchester United tell Harry Maguire he will not leave

    Simone Biles dominated U.S Classic after her return

    Simone Biles dominated U.S Classic after her return

    Women’s World Cup 2023: Japan 4-0 Spain

    Women’s World Cup 2023: Japan 4-0 Spain

    • Local Sports
    • World Sport
  • Login
  • Register
No Result
View All Result
  • News
    • All
    • Breaking News
    • Local News
    • World News
    One injured in gas station fire at Katamanso

    One injured in gas station fire at Katamanso

    Persons Involved In Leaked Tape On IGP Must Be Arrested – A Plus

    A-Plus to contest as independent candidate at Gomoa Central

    Photos and videos of #OccupyJulorbiHouse day 3 protest

    Photos and videos of #OccupyJulorbiHouse day 3 protest

    Jubilee House Demo To Proceed Despite Police Injunction Application

    Jubilee House Demo To Proceed Despite Police Injunction Application

    • Local News
    • World News
    • Breaking News
  • BUSINESS
    United Auto Workers expands their strike but few workers are involved

    United Auto Workers expands their strike but few workers are involved

    Absa Bank Ghana’s MD Abena Osei-Poku resigns on from Dec 18

    Absa Bank Ghana’s MD Abena Osei-Poku resigns on from Dec 18

    SpaceX employees fired after writing letter criticizing Elon Musk

    Elon Musk says Twitter, now X, could charge all users subscription fees

    Apple’s new iPhone 14 series is rumoured to be unveiled next month

    iOS 17 release: everything you need to know about Apple’s big updates

    Goldman Sachs Predicts No Interest Rate Hike

    Goldman Sachs Predicts No Interest Rate Hike

  • ENTERTAINMENT
    • All
    • Religion
    Usher to headline the 2024 Super Bowl halftime show in Las Vegas

    Usher to headline the 2024 Super Bowl halftime show in Las Vegas

    Kylie Jenner’s beau Travis Scott donates $1million to college students

    Travis Scott is questioned over crowd surge at Texas festival

    SpaceX employees fired after writing letter criticizing Elon Musk

    Elon Musk says Twitter, now X, could charge all users subscription fees

    YouTube suspends Russell Brand from advert income

    YouTube suspends Russell Brand from advert income

    Chioma Nnadi to replace Edward Enninful as head of British Vogue

    Chioma Nnadi to replace Edward Enninful as head of British Vogue

    Teyana Taylor and Iman Shumpert Break Up

    Teyana Taylor and Iman Shumpert Break Up

    • Religion
  • TECHNOLOGY
    • All
    • Architecture
    • Automobile
    SpaceX employees fired after writing letter criticizing Elon Musk

    Elon Musk says Twitter, now X, could charge all users subscription fees

    Apple’s new iPhone 14 series is rumoured to be unveiled next month

    iOS 17 release: everything you need to know about Apple’s big updates

    Tik Tok is hit with €345m fine

    Tik Tok is hit with €345m fine

    World’s biggest lithium reservoir found in McDermitt Caldera in Nevada

    World’s biggest lithium reservoir found in McDermitt Caldera in Nevada

    India: Chandrayaan-3 spacecraft lands on moon

    India: Chandrayaan-3 spacecraft lands on moon

    Contact NCA If You Are Without Ghana Card And Your SIM Has Been Deactivated – Ursula

    Trial phase of Digital Audio Broadcasting (DAB) launched in Ghana

    • Architecture
    • Automobile
  • Features
    • All
    • Announcement
    • Obituary
    • Opinion
    He is falling from the skyscraper -Elizabeth Ohene

    He is falling from the skyscraper -Elizabeth Ohene

    I Asked My Husband To Resign Many Times – Late Amissah Arthur’s wife

    I Asked My Husband To Resign Many Times – Late Amissah Arthur’s wife

    Unmasking Medi Ghana: The Unraveling of a Microfinance Fraud

    Unmasking Medi Ghana: The Unraveling of a Microfinance Fraud

    How El Chapo’s sons ruined America by creating a fentanyl empire

    How El Chapo’s sons ruined America by creating a fentanyl empire

    How many foreign workers have passed away in Qatar?

    How many foreign workers have passed away in Qatar?

    DEA’s most corrupt agent:   Parties , sex amid “unwinnable war”

    DEA’s most corrupt agent: Parties , sex amid “unwinnable war”

    • Opinion
    • Announcement
    • Obituary
  • Health
    Intelligence from “5eyes” partners help Canada link India to Sikh murder – USA

    Intelligence from “5eyes” partners help Canada link India to Sikh murder – USA

    Surgeons perform pig heart transplant on man in Maryland

    Surgeons perform pig heart transplant on man in Maryland

    USA: Recalled of  ground beef amid E.Coli

    USA: Recalled of ground beef amid E.Coli

    The truth about nitro-meats: my seven-year search for better bacon

    The truth about nitro-meats: my seven-year search for better bacon

    Ghana records surge in Apollo – Ghana Optometric Association

    Ghana records surge in Apollo – Ghana Optometric Association

  • LIFE STYLE
    • All
    • Fashion
    The truth about nitro-meats: my seven-year search for better bacon

    The truth about nitro-meats: my seven-year search for better bacon

    Change Condoms After Every Round Of Sex – Doctor Advises

    Change Condoms After Every Round Of Sex – Doctor Advises

    If You Have High Cholesterol, Limit These 7 Foods

    If You Have High Cholesterol, Limit These 7 Foods

    5 Red Flags You Should Never Ignore in Relationships: The Importance of Trusting Your Instincts

    5 Red Flags You Should Never Ignore in Relationships: The Importance of Trusting Your Instincts

    LGBTQ+ Pride parade returns to Boston after rift over inclusivity

    LGBTQ+ Pride parade returns to Boston after rift over inclusivity

    Your enemies are often within your circle – Vim Lady shares

    Your enemies are often within your circle – Vim Lady shares

    • Fashion
  • Sports
    • All
    • Local Sport
    • World Sport
    Premier League:Manchester united 2-2 Leeds

    Manchester United: Sancho to train away from first team after refusing to apologise

    Saudi Arabia, Turkey clubs interested in Mason Greenwood- Sources

    Mason Greenwood joins Getafe on loan

    John Mahama Rescues Ex-black Queens Goalkeeper

    John Mahama Rescues Ex-black Queens Goalkeeper

    Nations League: England 3-Germany 3

    Manchester United tell Harry Maguire he will not leave

    Simone Biles dominated U.S Classic after her return

    Simone Biles dominated U.S Classic after her return

    Women’s World Cup 2023: Japan 4-0 Spain

    Women’s World Cup 2023: Japan 4-0 Spain

    • Local Sports
    • World Sport
  • Login
  • Register
No Result
View All Result
Nsemgh
Home Business

Energy crisis warning: 22 million UK households face fresh bill hikes every three months

1 year ago
in Business
Reading Time: 3 mins read
A A
0
Energy crisis warning: 22 million UK households face fresh bill hikes every three months
Share on Telegram

“Ofgem also recently wrote to suppliers to alert them to a series of market compliance reviews to ensure, amongst other things, that they are handling direct debits fairly, and that overall, they are held to higher standards for performance on customer service and protecting vulnerable customers.”

The regulator’s CEO Jonathan Brearley said in a statement: “Our top priority is to protect consumers by ensuring a fair and resilient energy market that works for everyone.

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time.

Ofgem is putting the proposal out to consultation following criticism the twice-yearly adjustment arrangement – in April and October – was a key driver when suppliers began collapsing at the height of the wholesale gas price shock. The cap, which is the system that determines bills for 22million UK households, was credited with protecting families from the worst of the hikes in raw energy costs, prevented companies passing on the increases to their customers.

 

This delayed the most hard-hitting part of the current cost of living crisis which has seen households hit by the shock rises all in one go.

Consequently, the average bills skyrocketed by 54 percent, or £693 annually, from April to £1,971.

Ofgem insisted its new proposals would enable greater flexibility that would see bills to rise or decline more quickly.

The energy regulator said: “A more frequent price cap would reflect the most up to date and accurate energy prices and mean when prices fall from the current record highs, customers would see the benefit much sooner.

 

energy crisis price increases

Energy crisis warning: Millions of UK homes could face fresh price hikes (Image: GETTY)

“This change would also help energy suppliers more accurately predict how much energy they need to purchase for their customers, reducing the risk of further supplier failures which ultimately push up costs for consumers.

“This is all part of a range of plans to make the market fairer and more resilient, such as stress tests for suppliers and a more robust scrutiny of supplier business plans.

“Ofgem also recently wrote to suppliers to alert them to a series of market compliance reviews to ensure, amongst other things, that they are handling direct debits fairly, and that overall, they are held to higher standards for performance on customer service and protecting vulnerable customers.”

The regulator’s CEO Jonathan Brearley said in a statement: “Our top priority is to protect consumers by ensuring a fair and resilient energy market that works for everyone.

 

“Our retail reforms will ensure that consumers are paying a fair price for their energy while ensuring resilience across the sector.

“Today’s proposed change would mean the price cap is more reflective of current market prices and any price falls would be delivered more quickly to consumers.

“It would also help energy suppliers better predict how much energy they need to purchase for their customers, reducing the risk of further supplier failures, which ultimately pushes up costs for consumers.

“The last year has shown that we need to make changes to the price cap so that suppliers are better able to manage risks in these unprecedented market conditions.”

RelatedStories

United Auto Workers expands their strike but few workers are involved

Absa Bank Ghana’s MD Abena Osei-Poku resigns on from Dec 18

Elon Musk says Twitter, now X, could charge all users subscription fees

iOS 17 release: everything you need to know about Apple’s big updates

Goldman Sachs Predicts No Interest Rate Hike

Tik Tok is hit with €345m fine

    Accra, GH
    Monday, September 25, 2023
    light rain
    26 ° c
    75%
    11.03mh
    90%
    28 c 24 c
    Tue
    28 c 24 c
    Wed
    28 c 24 c
    Thu
    28 c 24 c
    Fri
    Intelligence from “5eyes” partners help Canada link India to Sikh murder – USA

    Intelligence from “5eyes” partners help Canada link India to Sikh murder – USA

    24 September, 2023.
    0
    0

    Information shared by members of an intelligence-sharing alliance was part of what Canadian Prime Minister Justin Trudeau used to make...

    Surgeons perform pig heart transplant on man in Maryland

    Surgeons perform pig heart transplant on man in Maryland

    22 September, 2023.
    0
    0

    Surgeons have transplanted a pig’s heart into a dying man in a bid to prolong his life – only the...

    USA: Recalled of  ground beef amid E.Coli

    USA: Recalled of ground beef amid E.Coli

    20 September, 2023.
    0
    0

    Nearly 30 tons of ground beef have been recalled in three states for possibly containing a deadly food poisoning bug....

    The truth about nitro-meats: my seven-year search for better bacon

    The truth about nitro-meats: my seven-year search for better bacon

    18 September, 2023.
    0
    0

    I didn’t realise quite how much I loved bacon, pancetta, chorizo and ham until the World Health Organization added processed...

    Usher to headline the 2024 Super Bowl halftime show in Las Vegas
    Entertainment

    Usher to headline the 2024 Super Bowl halftime show in Las Vegas

    24 September, 2023.
    0
    0

    Usher has a new confession: The Grammy winner will headline the Apple Music Super Bowl Halftime Show in Las Vegas. The NFL, Apple...

    Read more
    Kylie Jenner’s beau Travis Scott donates $1million to college students
    Breaking News

    Travis Scott is questioned over crowd surge at Texas festival

    20 September, 2023.
    0
    0

    Rap star Travis Scott was questioned for several hours on Monday. The star was in a civil deposition he gave...

    Read more
    SpaceX employees fired after writing letter criticizing Elon Musk
    Business

    Elon Musk says Twitter, now X, could charge all users subscription fees

    20 September, 2023.
    0
    0

    Elon Musk has indicated that X, formerly known as Twitter, is considering charging all users for accessing the platform. The...

    Read more
    YouTube suspends Russell Brand from advert income
    Entertainment

    YouTube suspends Russell Brand from advert income

    19 September, 2023.
    0
    0

    YouTube has suspended Russell Brand's channels from making money from adverts for "violating" its "creator responsibility policy". The video platform...

    Read more
    Persons Involved In Leaked Tape On IGP Must Be Arrested – A Plus
    Breaking News

    A-Plus to contest as independent candidate at Gomoa Central

    https://youtu.be/Ij30HQGWEkQ

    24 September, 2023.
    0
    India suspends visas for Canadians as row escalates
    Breaking News

    India suspends visas for Canadians as row escalates

    India has suspended visa services for Canadian citizens amid an escalating row over the killing of a Sikh separatist on...

    21 September, 2023.
    0
    Kylie Jenner’s beau Travis Scott donates $1million to college students
    Breaking News

    Travis Scott is questioned over crowd surge at Texas festival

    Rap star Travis Scott was questioned for several hours on Monday. The star was in a civil deposition he gave...

    20 September, 2023.
    0
    JoAnne Epps, Temple University’s president, dies after collapsing on stage during event
    Breaking News

    JoAnne Epps, Temple University’s president, dies after collapsing on stage during event

    Temple University acting president JoAnne A. Epps has died after collapsing at a memorial service Tuesday afternoon, the university said....

    19 September, 2023.
    0
    United Auto Workers expands their strike but few workers are involved
    Automobile

    United Auto Workers expands their strike but few workers are involved

    24 September, 2023.
    0
    SpaceX employees fired after writing letter criticizing Elon Musk
    Business

    Elon Musk says Twitter, now X, could charge all users subscription fees

    20 September, 2023.
    0
    Apple’s new iPhone 14 series is rumoured to be unveiled next month
    Business

    iOS 17 release: everything you need to know about Apple’s big updates

    18 September, 2023.
    0
    Tik Tok is hit with €345m fine
    Business

    Tik Tok is hit with €345m fine

    16 September, 2023.
    0
    World’s biggest lithium reservoir found in McDermitt Caldera in Nevada
    Technology

    World’s biggest lithium reservoir found in McDermitt Caldera in Nevada

    11 September, 2023.
    0
    • AdChoices
    • Advertise
    • About

    © 2023 Nsemgh | All Rights Reserved.

    No Result
    View All Result
    • Login
    • Sign Up
    • World News
    • Local News
    • Business
    • Entertainment
      • Religion
    • Technology
      • Architecture
      • Automobile
    • Features
      • Opinion
      • Announcement
      • Obituary
    • Health
    • Life Style
      • Fashion
    • Sports
      • World Sport
      • Local Sport
    • More
      • TV
      • Market
    • Advertise with Us

    © 2023 Nsemgh | All Rights Reserved.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms bellow to register

    *By registering, you agree to the Terms of Use, Community Guidelines and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    you're currently offline

    We use cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.