Energy Prices Get a Stupendous Boost – Up to £45!
Hey there, red‑coat‑lovers!
If you’re counting your monthly bills in your lunch box, the news this week says they’re about to stretch a bit. Living in Britain now means you might have to swallow a further £45 on top of your already sizzling energy bill to keep the lights on after a handful of suppliers say “I’m out.”
Why the Big Numbers?
- Since the start of 2024, 14 energy firms have folded, and another 11 have gone bankrupt since September. That’s roughly 2 million households feeling the cash crunch.
- Experts at BFY Group predict that replacing these collapsed companies may dent households by almost £1.3 billion.
- “For the little firms that survive the storm, they’re looking at losses of about £1.7–2 billion over the next six months,” says Managing Partner Ian Barker. He notes that customers are being nudged to stay put on the price cap rather than hop switches.
Big‑name Opinions
Sir Jim Ratcliffe – the industrial tycoon – popped onto ITV’s Peston to talk weather‑related crises. “If you hit a dry spell and the lights go out, you basically turn the industry off,” he quipped. He recalled the “Beast From The East” back in 2013, reminiscing how the UK was stuck within a two‑day delay, not a two‑whisker gas shortage.
Meanwhile Sir Keir Starmer of the Labour Party keeps pointing a finger at the government. “The people out here are sitting comfortably, while everyone else’s pushing the red dot of progress,” he stated, calling on the watchdog to step up.
What Does This Mean for You?
In short: if you’re a homeowner, expect an extra slice of cost on your energy bill. If you’re a renter, the same might grudge onto your landlord’s hands. Stay vigilant, keep eyes on your invoices, and if you notice a jump, make sure you’re still buying the best deal available.
Read, laugh, and maybe keep a stash of cookies for the next ten months while the ice cold of a monthly bill comes to stay.
