Move to green energy hitting fuel poverty suffers
Those at the very bottom of the UK income spectrum are being hit disproportionately hard when it comes to investment in green technology and green energy. This is the conclusion of a report produced by the government's Fuel Policy Advisory Group which will force the UK government to think again about the green energy policies which are currently in place. But why should green energy cost more?
The truth is that the UK does not at this moment in time have an adequate framework to produce green technology and green energy at an affordable price. So UK taxpayers are yet again being milked to cover the initial investment in green technology and green energy which has led, and will continue to lead, to a significant increase in forthcoming energy costs. It is believed that energy costs in the UK could rise by as much as 50% in the short term and are unlikely to fall even when the green energy framework is in place.
Why is it that the introduction of a new technology always leads to higher taxes and higher costs for UK consumers and UK businesses? It seems that corporate UK is willing to take the benefits of these moves but in many cases is unwilling to take on initial setup costs?
Vodafone announces £1 billion of cost savings
It seems as though the need to cut costs has now spread to the mobile telecoms market with industry giant Vodafone announcing plans for £1 billion in cost savings. The group has suggested a rise in raw material prices and increased competition in the sector is the reason behind this cost-cutting programme and in line with the difficult market conditions revenue forecasts for the group (for the fu...Read More
British Gas customers facing further price hikes?
British Gas customers could be facing further price hikes amid soaring wholesale energy prices. In January, the energy giant imposed a 15 per cent increase on its tariffs, bringing the average annual dual fuel bill to £1,055 - a rise of £143. Meanwhile, bills for direct debit customers increased by an average of £131 to £968.Now a statement from the firm's parent company Centrica has suggested...Read More
Caution urged on gas bill credit
Consumers should be cautious about reclaiming credit on their gas bills, Confused.com has warned.New research from moneysupermarket.com has revealed that nearly six million homes in the UK are in credit to their gas company by an average of £79.However, Confused.com's energy expert Gareth Kloet said that customers should find out about their energy consumption from their supplier first.He explain...Read More
Is public transport becoming a more viable option?
As public transport usage figures continue to rise in light of the increased cost of running a motor vehicle in the UK there is a growing opinion that the age of public transport as a major element of society is on the way back. The recent spike in the price of petrol has alerted many of the risks of owning and running a vehicle in the UK and finally this seems to be assisting the public transport...Read More
Getting yourself in the cost saving mindset
How many times have you looked at your monthly bills and thought "I am sure I could substantially reduce my outgoings" then taken a look at the breakdown of your costs and thought better of it?
For many people the initial problem with saving money is the fact that they set their sights far too high, looking to save hundreds of pounds a day by making very few changes when in reality...