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Energy
Millions of pensioners could see their Winter Fuel Payments reinstated this winter as a charity has launched legal proceedings against the UK Government, aiming to reverse its decision to restrict the payments to those on certain benefits. It's still very early days and there are no guarantees, but here's what you need to know.
26 September 2024
Winter Fuel Payments – a tax-free payment made to all pensioners to help with winter energy bills – are to be restricted to those on benefits and Pension Credit, the Chancellor Rachel Reeves has announced. But MoneySavingExpert.com founder Martin Lewis has urged the Government to include a wider group, and to leave no stone unturned ensuring the 800,000 eligible who miss out on Pension Credit get it.
2 September 2024
Rules that prevent energy firms from offering cheaper deals to new customers will remain in place until March 2025, regulator Ofgem has confirmed. It means you're less likely to be able to cut your bills by switching supplier for the time being – though there are still some deals worth considering now.
30 July 2024
EDF Energy has launched a new tariff tapping into the anger about the high level of standing charges set by regulator Ofgem under its Price Cap. The new EDF Ensure* tracker tariff is effectively a discounted version of the Price Cap that will be £50 cheaper over the year – and it does this by lowering standing charges, not unit rates.
27 June 2024
Rules that prevent energy firms from offering cheaper deals to new customers could be scrapped by October, paving the way for you to cut your bills by switching supplier. MoneySavingExpert.com founder Martin Lewis said the move is a much-needed fix for the broken energy market, though while "better late than never", he cautioned that the change is still too far off.
14 May 2024
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