Half a million households affected by energy firms going bust - how to keep costs down

Households are facing much higher gas bills this winter due to a global surge in wholesale gas prices that have forced some energy companies to go bust and others to take themselves off price comparison websites for the time being. The British public has already been hit with energy price hikes over the last few months and could be paying hundreds more this winter, unless they counterbalance the extra costs by making some simple changes to their usage.

The news that another five energy firms have folded in recent months will no doubt worry many householders but Ofgem has said it has systems in place to look after consumers.

An Ofgem spokesman said: “Currently wholesale gas prices are at a record high, driven by international supply and demand factors.

“This is undoubtedly putting pressure on companies – with four leaving the market over the last few weeks.

“Ofgem cannot comment on whether further suppliers will fail, but we have the systems and processes in place to ensure that customer needs are always met.

READ MORE: How you can legally reduce Inheritance Tax

© Getty Snowy street

In the past few months Utility Point, People’s Energy, PfP Energy, MoneyPlus Energy and Hub Energy have all ceased trading – something which is thought to have affected half a million British households.

And although these consumers will be given a new supplier, that means extra hassle for them with the costs passed onto customers.

Ofgem added that it is working closely with the government to manage the wider implications of the global gas price increase and it is not thought that this will lead to a complete halt in supply.

Meanwhile, there are some steps customers can take to make sure they are not paying too much this winter.


‘This is just the start…’ Rishi Sunak may hit retirees further in next Budget [WARNING]LinkUniversal Credit, PIP & state pension recipients set for bonus in December 2021 [UPDATE]LinkMan explains how he earns an extra £800 per month after being hit by impact of Covid [INSIGHT]

How to save money on energy bills:

  • Turning down the thermostat and replacing your old boiler can reduce how much you pay massively.
  • Applying for everything – three million households could also be eligible for the Warm Home Discount of £140.
  • Small alterations like switching appliances off at the wall and not leaving them on standby could also make a difference.

© Express Best Worst place to retire infographic

  • Try spending less time in the shower and filling the kettle up less – together these steps could save a typical household another £160 over the year.

There is no better time to see if people qualify for the Warm Home Discount Scheme, which could ensure some people are £140 better off.

To find out, people can speak to their energy supplier, most of them are signed up to the scheme if they have 250,000 customers or more.

More than two million UK households should qualify for this rebate on their energy bills this year and it’s important to get in touch with them early as there is only a limited amount of people energy companies can help.

According to reports, wholesale gas prices in the UK have shot up by 70 percent due to high global demand, maintenance issues at some gas sites and reduced solar and wind output.

In addition, it’s threatening some supplies of meat and fresh produces as supermarkets say it is also causing a shortage of carbon dioxide.

Despite this, the general public do not need to worry about a shortage of supply, a Government minister has reassured.

Business Secretary Kwasi Kwarteng is currently in talks with suppliers to find out what the impact of surging prices could be on households this winter.

Internet Explorer Channel Network
News Related


Sensex, Nifty rise in early trade; selling in IT shares keep upside capped

NEW DELHI: Domestic stocks were off to a positive start on Thursday, tracking a firm trend across Asian markets. Upside was, however, capped as investors were cautious over Brent crude ... Read more »

Storm Aurore: Flooding in southern England as Met Office issues weather warnings

A wing surfer takes advantage of the windy conditions off the coast of Hampshire on Wednesday. Stormy weather moved in overnight – PA Emergency services have received a high number ... Read more »

Julius Randle provides big proof that Knicks remain his team

Julius Randle grabbed the ball, took a couple of high, exaggerated dribbles, and then fired an underhanded heave the length of the floor and into the crowd. It was his ... Read more »

Comeback kids: Vancouver chops down Portland with superlative second half

© Soobum Im-USA TODAY Sports Headed into halftime, it was a 2-0 deficit for the Whitecaps and it seemed as if Providence Park was going to rear its ugly head ... Read more »

Vintage lover Tracy Phillips on living a sustainable fashion life

By: Susanah Cheok SINGAPORE – A predilection for vintage styles initiated Tracy Phillips into the world of sustainable fashion. Admittedly, as a teenager, she loved and bought vintage because she ... Read more »

Property of the week: Dubai villa with a Burj Al Arab view on market for Dh40 million

© Provided by The National The Pool House: Umm Suqeim Property of the Week. Photo: Luxhabitat Sotheby’s International Realty There is no doubt that the UAE is home to some ... Read more »

Kadar kemasukan hospital akibat Covid-19 di Lembah Klang meningkat 22%

© Provided by Free Malaysia Today Berdasarkan maklumat, Selangor merekodkan peningkatan kadar tertinggi sebanyak 23%. (Gambar Bernama) PETALING JAYA: Lembah Klang menyaksikan peningkatan kadar kemasukan ke hospital sebanyak 22% dalam ... Read more »

Mengaku tinggal di istana, dua ahli perniagaan didakwa

© Provided by Sinar Harian IPOH – Dua ahli perniagaan didakwa di Mahkamah Sesyen Ipoh pada Khamis atas pertuduhan memberikan maklumat palsu bahawa alamat tempat tinggal adalah di kediaman Diraja ... Read more »

PRN Melaka: Umno, PAS adakan perbincangan tak rasmi elak pertembungan

© Provided by Free Malaysia Today Sumber berkata, Umno tidak memerlukan PAS untuk menang di Melaka kerana ia sudah mempunyai sokongan kuat di negeri itu. PETALING JAYA: Bagi mengelak kemungkinan ... Read more »

MDHS kini berstatus Majlis Perbandaran

© Provided by Sinar Harian HULU SELANGOR – Majlis Daerah Hulu Selangor (MDHS) kini dikenali sebagai Majlis Perbandaran Hulu Selangor (MPHS) selepas perakuan status baharu itu mendapat perkenan Sultan Selangor, ... Read more »

Minggu Saham Digital by PNB is back

© Provided by New Straits Times KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will once again host Minggu Saham Digital (MSD) with the theme #LaburBersama from November 17 to November 23 ... Read more »

India administers its billionth Covid jab

© Arun SANKAR According to the government, around three-quarters of adults in the country of 1.3 billion people have had one shot and around 30 percent are fully vaccinated India ... Read more »

No Funding, No Problem! Malaysian Musician Overcomes Challenges And Wins At US-Based Award Show

Subscribe to our Telegram channel for the latest stories and updates. Malaysian singer-songwriter Lyia Meta was a big winner at The Texas Sound International Country Music Awards 2021 last weekend, winning an ... Read more »

Pakej Keluarga Malaysia: U Mobile offers Samsung Galaxy A02 for free with no upfront payment required

To support the Pakej Keluarga Malaysia initiative, U Mobile has introduced its Zero Ringgit Phone deals where you can get a free 4G LTE device with VoLTE on a low ... Read more »

David Amess's murder shows the need to tackle violence and abuse that's creating a political hell – Ian Murray MP

© Conservative MP Sir David Amess built a reputation for kindness, generosity and decency and was a fu… It has utterly devastated everyone who works in politics. Unfortunately, it’s a ... Read more »

Indian food delivery app Zomato rehires sacked employee who triggered language debate

© AFP/Getty File: Zomato had sacked an agent after a customer from Tamil Nadu, in southern India, said he was told to learn Hindi, which is predominantly spoken in the ... Read more »

Children protest in Dublin for 100% Mica redress scheme

© Brian Lawless/PA Wire/PA Images Children took to the streets of Dublin yesterday to protest for a 100% Mica redress scheme. The youngsters from Donegal were gathered outside the Dail ... Read more »

Ruby Rose claims misconduct on 'Batwoman' led to exit

© IANS Ruby Rose.(photo:IMDB.com) Los Angeles, Oct 21 (IANS) Former ‘Batwoman’ star Ruby Rose aired several allegations of wrongdoing on the set of the show, which they say led to ... Read more »

Former US president Donald Trump to launch TRUTH Social: All you need to know about the new social media network

© Provided by Firstpost Former US president Donald Trump to launch TRUTH Social: All you need to know about the new social media network Former United States president Donald Trump ... Read more »

Emily Blunt in talks to join Nolan's 'Oppenheimer'

© IANS Emily Blunt.(photo:Imdb.com) Los Angeles, Oct 21 (IANS) Actress Emily Blunt is reportedly in talks to join filmmaker Christopher Nolans’s upcoming film ‘Oppenheimer’. Sources told deadline.com that Emily is ... Read more »

‘Not a horse to be put out in pasture': Captain slams Gandhi family's ‘interference', says Sidhu'a elevation created ‘bad blood'

© Provided by The Financial Express Captain Amarinder SIngh said that the Congress lost the ground very quickly in Punjab in the last six months after Sidhu was made the ... Read more »

1 billion Covid vaccine doses in 9 months: Govt hails historic milestone

© Provided by Hindustan Times A woman receives a dose of Covishield vaccine in Mumbai. (Reuters File Photo) India crossed a major milestone on Thursday when the number of coronavirus ... Read more »

Eurostar launches £39 tickets in time for pre-Christmas breaks

EUROSTAR has launched bargain tickets from £39 each way in time for the Christmas holidays. Families could head to France, the Netherlands and Belgium for the cheap price to visit ... Read more »

Deer Dives Into a Crowd of Bicyclists in a Jaw-Dropping Video

A jaw-dropping video shows a deer diving into a pack of cyclists on the road in New Jersey. © Tim de Wael/Getty A jaw-dropping video shows a deer diving into ... Read more »

India hits 1B vaccine doses, worries about gap between shots

NEW DELHI (AP) — India has administered 1 billion doses of COVID-19 vaccine, officials said Thursday, passing a milestone for the South Asian country where the delta variant fueled its ... Read more »

Goodbye to Fran Kelly: the voice that sets up the day for millions of Australians

First the disclaimer: Fran Kelly is a dear friend of my family’s. But also know this: it is a measure of her professionalism and dedication to journalism – which is ... Read more »

Cruise drugs case: Shah Rukh Khan meets son Aryan Khan in Mumbai jail

Bollywood superstar Shah Rukh Khan on Thursday met his son Aryan Khan at the Arthur Road jail in Mumbai where the latter has been lodged following arrest in a case ... Read more »

India crosses record one billion jabs

India has crossed the milestone of administering one billion Covid-19 vaccines, nine months after the second most populous country in the world initiated this mammoth movement. On social media platforms, ... Read more »

Champions League team of the week: Kylian Mbappe and Vinicius Junior lead the all-stars

© Isabel Infantes Liverpool’s Mohamed Salah (second right) celebrates scoring their side’s third goal of the game during the UEFA Champions League, Group B match at the Wanda Metropolitano, Madrid. ... Read more »

Najib and son allowed to defer payment of over RM1.7 billion tax arrears

© Provided by MalaysiaNow Former prime minister Najib Razak and his son Nazifuddin were today allowed to defer the payment of tax arrears amounting to RM1.69 billion and RM37.6 million ... Read more »

Covid-19 hospital admissions rising in Klang Valley, Sarawak, says KJ

© Provided by The Star Online PETALING JAYA: Covid-19 hospital admission rates in the Klang Valley and Sarawak have been increasing in the last seven days, says Khairy Jamaluddin. The ... Read more »

Mirziyoyev: Uzbek reformer with autocratic tendencies

© VYACHESLAV OSELEDKO Uzbekistan’s President Shavkat Mirziyoyev is expected to sail past four token candidates for a second five-year term Uzbekistan’s President Shavkat Mirziyoyev is credited with leading Central Asia’s ... Read more »

County lines: Zombie knives seized, £1.3m in cash found and 1,500 arrests made in past week

Police in England and Wales made the arrested as part of operations to track down people involved in organised drug crime, who use county lines to run drugs. Read more »

Analysis-A court battle raises the question - how far will Japan swallow poison pills?

By Makiko Yamazaki © Reuters/Toru Hanai Office buildings are pictured at a business district in Tokyo TOKYO (Reuters) – The fate of future hostile takeover bids in Japan could rest ... Read more »

Vic on the fast track to COVID freedoms

Victoria is on track to reach its next major vaccination target ahead of schedule as Melbourne prepares to exit lockdown, meaning more freedoms are fewer than two weeks away. © ... Read more »

Icac: public servant believed Berejiklian wanted business case redone to support shooting club

A senior New South Wales public servant has told Icac he believed he was asked to redo the business case for a multimillion dollar shooting club in Wagga Wagga – ... Read more »

Further sign jobs market is on the turn

A modest rise in payroll jobs in late September could be another early sign Australia’s labour market is on the turn, after a bleak few months when half the population ... Read more »

Crown hit by protest vote over exec pay

Crown Resorts has suffered a heavy protest vote against its executive pay for a second straight year, but shareholders voted against unseating the embattled company’s board ahead of a decision ... Read more »

Bundaberg set to launch an alcoholic version of its iconic ginger beer

© Provided by Daily Mail ( Bundaberg has delighted shoppers with the launch of an alcohol version of its classic range of ginger beer. The Australian-owned brewery produced the iconic ... Read more »

Paul Scholes warns Man United as Solskjaer hails Cristiano Ronaldo after 3-2 win over Atalanta

Scholes warns United Manchester United legend Paul Scholes has warned his former side that they will be “four down by half-time” if they repeat their first-half display against Atalanta when ... Read more »