no longer near the extreme highs seen in late 2023 and early 2024, they are still high and unaffordable for many. Thankfully, there was some relief when the price cap fell by 12% on 1 April and a further 7% on 1 July this year, although it later rose by 10% from 1 October 2024....
False sense of security —The cap can still go up (or down) as energy prices will always be subject to wholesale costs, distribution costs and other factors. The concern is that consumers will assume the price cap means they are protected from fluctuating costs by the government’s cap. ...
stimulatingovercapacity.Amidstructuralheadwindsanddeflation,growthintheChineseeconomyisforecastedtoslowtoanaveragerateof4.2%from2024to2027. Chineseovercapacityalsoaddstoheadwindsfaced bytheEuropeanindustrialsector,whichisseeing aslowdownfollowingspikesinenergypricesand decreaseddemandforgoods.TheEUnarrowlyavoidedarecessionin...
Global instability continues to push prices up as reliance on gas imports means the British energy system is vulnerable to price shocks. And bills could be even higher from April. The energy price cap is to rise to an annual average of £1,928 from January, the sector's reg...
Since January 2023, Ofgem has been reviewing the price cap quarterly to better adapt to market conditions, ensuring that prices are fair and reflect the actual cost of energy. The upcoming review dates are scheduled for: 25th February 2025 –for the period 1st April to 30th June 2025 26th Ma...
Fujitsu and METRON plan to launch the service, prioritizing the Japanese and German markets starting from April 2024. This move marks the latest milestone in ongoing collaboration between the two companies, following an initial investment through a fund managed by its subsidiary Fujitsu Ventures ...
For suppliers, it is a disaster, preventing companies from raising prices in response to soaring wholesale costs. By April 2022, predictions are placing the price cap at a record high of around £1660, though there are some suppliers asking for the cap to be removed completely or increased ...
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Energy regulator Ofgem sets the cap four times a year, with the latest announcement applying from July to September. The overall rate ofinflation came downin April - in large part thanks to the current higher cap which came into effect that month and brought prices ...
This new scheme will run until 31 March 2024, and aims to help businesses locked into contracts signed before recent substantial falls in the wholesale price, and provides others with reassurance against the risk of prices rising again. From 1 April 2023 to 31 March 2024, all eligible non-...