Fundamentals driving oil price higher -
Your Money - Wed 02 Jul, 09:40 AM
Alliance Trust claims fundamentals rather than speculation are driving oil prices higher.
Angus McPhail, global oil and natural resources analyst at Alliance Trust, said: Fundamentals rather than speculation are driving oil prices higher. Oil markets remain tightly controlled by supply and demand. China is increasingly leading demand from non-Organisation for Economic Co-operation and Development members (OECD), [...]
Pre-payment customers losing out on energy savings -
Your Money - Tue 24 Jun, 09:25 AM
Research by Moneysupermarket shows that pre-payment energy customers could be losing out on as much as £769m worth of savings.
This is because the average pre-payment tariff is £150 more expensive for gas and electricity than the best value rate.
A spokesperson for Moneysupermarket said: Pre-payment customers should not be punished for using this type of meter. [...]
Energy bill increases could hit 61% -
Your Money - Fri 20 Jun, 09:05 AM
Predicted further energy price rises of up to 40% this year could mean a total increase of 61% since January 2008, according to uSwitch.
It would mean the average household energy bill hitting £1,467 this winter, up from £912 at the beginning of the year. The increase in energy prices would also plunge an extra 1.6 [...]
Cancellation penalties on the rise -
Your Money - Fri 06 Jun, 03:18 PM
Energy customers have been urged to check the small print before signing up to a capped deal for the next 12 to 18 months.
Energyhelpline, a price comparison site, has warned consumers who sign up to a capped deal could be subject to a new trend among providers for cancellation penalties. Mark Todd, director of Energyhelpline, [...]
Brits wasting money on utilities -
Your Money - Tue 03 Jun, 09:54 AM
A study by Moneysupermarket shows over two-thirds of adults do not use the same provider for broadband, TV and home phone, meaning they could be wasting £40 every month on standalone products.
Despite triple bundle costs dropping in the last 12 months, the survey shows the majority of those who do have bundled deals havent reviewed [...]
Energy industry voted worst for inaccuracy -
Your Money - Mon 02 Jun, 08:59 AM
Energy suppliers have been named and shamed by consumers for inaccurate billing, according to uSwitch.
A survey carried out by the financial comparison site showed one in three households have had to deal with at least one inaccurate energy bill over the last two years. Such mistakes took an average of two months to sort out, [...]
Government introduces utility measures -
Your Money - Fri 30 May, 09:35 AM
A raft of new Government measures to help vulnerable consumers make their homes warmer and more energy efficient have been revealed.
The measures are designed to help with bills and ensure consumers, particularly the elderly, are on the best value tariff and include changes in the law to allow data sharing with energy suppliers and a [...]
Credit crunch cuts switching by 17% in a year -
Your Money - Tue 27 May, 03:42 PM
The credit crunch has hit home with a 17% drop in the number of household and financial products being switched in the past year, according to MoneyExpert.
In the first quarter of 2008, a total of 32.2 million household bills for a range of basic services were moved to other providers compared with 38.9 million in [...]
Two thirds of brits say they can’t cope -
Your Money - Fri 23 May, 09:44 AM
An estimated two thirds of Brits say they won’t be able to cope if fuel prices keep rising, according to price comparison site Moneysupermarket.
Petrol prices have recently exceeded £1.10 per litre and gas and electricity prices have increased by 15%. Such sharp increases have caused many people to worry about their finances, said Tim Moss, [...]
Switching energy deals may prove difficult -
Your Money - Thu 15 May, 10:19 AM
People looking to switch to a cheaper energy provider could be trapped with their current supplier, according to price comparison site MoneyExpert.
Research from the website found that 726,000 people missed a gas or electricity bill in the last six months and as a result, could be trapped into staying on an expensive tariff if they [...]
