“It is inevitable that the price of energy will rise and I blame this on the huge investment in renewable energy.” Ian Fells, emeritus professor of energy conversion at Newcastle University, warned that millions were already struggling to heat their homes.
ENERGY companies are gearing up for a bonfire of cheap tariffs as special rates are slashed.
Fixed deals and discounts for vulnerable customers face the axe under new regulations, experts warned last night.
Under the rules set out by regulator Ofgem, suppliers must limit the number of tariffs they offer to four to make the market less confusing.
But critics say the move, though well intentioned, will backfire, leaving struggling families facing soaring bills this winter.
And in a “cruel double whammy”, energy providers are also expected to increase prices across the board – with the average dual fuel bill rising from £1,420 to nearly £1,600 a year.
Mark Todd, director of energyhelpline, warned: “With energy price rises imminent, there appears to be even more bad news on the horizon for bill payers.
“We are starting to see the sparks of a bonfire of tariffs as energy suppliers begin to withdraw special rates.
“October could see a cruel double whammy for energy bill payers as cheap discounted tariffs are scrapped and energy price rises are announced.” […]
Households could be forced to find an extra £140 with the average annual fuel bill, currently £1,420, rocketing to almost £1,600. The energy crisis follows news this week that millions could face winter gas shortages due to a reduction in exports from Europe.
Technical problems at Norway’s giant Troll gas field will reduce production by 28 per cent this year. That will put pressure on British gas supplies which rely heavily on Norway and could force companies to use more expensive Russian gas. […]
Ian Fells, emeritus professor of energy conversion at Newcastle University, warned that millions were already struggling to heat their homes.
He said the number of people in fuel poverty – where 10 per cent of the family income is spent on fuel – was set to rise this year.
“It is inevitable that the price of energy will rise and I blame this on the huge investment in renewable energy,” he said. “If the Government pursues this expansion of green energy, it will cost the bill payer.”