Renew Extra Weekly

UK gas and electricity consumer prices will rise by 2% under the latest cap announced by energy regulator Ofgem, so that typical households will pay £1,755 a year, up £35 a year on the current cap, or £2.93 a month. It’s not a huge increase, but it is on top of high prices.  About £1.42 a month of the increase will be used to fund the government's extension of the Warm Home Discount, giving money back off winter bills for some people on some benefits. Fixed costs to run the gas network will make up another 72p a month. And about £1.23 extra a month will go to the cost of ensuring a stable electricity supply, to balance when there is too much and too little power in the system. That especially met with a lot of negative reaction, with the Daily Mail saying ‘Wind farms are driving YOUR electricity bills up’, the Telegraph opining similarly. Well yes, wind farms have negotiated contracts so that they are compensated when their power is not used, but that is often because of lack of ...