Home U.K Energy bill panic: UK frenzy as ANOTHER firm goes bust –3,000% spike...

Energy bill panic: UK frenzy as ANOTHER firm goes bust –3,000% spike in emergency searches

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Analysis of Google searches by energy experts Boiler Central revealed that searches for “energy bill help” has risen by 3,000 percent. Energy bills have seen a significant rise this year, with household gas bills rising by 28.1 percent and electricity bills 18.8 percent in the year to October.

A spokesperson for Boiler Central said: “Gas and electricity bills are absolutely skyrocketing in the UK due to soaring wholesale prices across the globe.

“Energy suppliers unable to cope with soaring market costs, and the recent news of Germany halting the building of a gas pipeline from Russia has caused wholesale gas prices to jump 17 percent in the UK and EU, which in turn further will affect what suppliers charge their customers.

“The rise in searches for help with energy bills in the UK, as well as an increase in searches for portable heaters, exposes how much recent soaring energy bills are affecting people.

“There are some grants and schemes available to help people on a low income or Universal Credit with their energy bills, such as a Winter Fuel Payment or the Warm Home Discount scheme – where you may be able to get £140 off your electricity bill or in the form of a voucher for your prepayment meter, so it’s a good idea to check with your local Citizens Advice Bureau to see if you might qualify.”

As well as searches for ‘energy bill help’ rising, searches for ‘portable heater’ also saw a significant increase.

The searches for this term spiked 212 percent on November 17, proving there is great worry over these rising prices.

This information comes as Bulb, an energy firm, entered ‘special administration’ as the crisis across the UK continues.

It is reported that around 1.7 million customers will be affected.

A statement from the provider read: “We’ve made the difficult decision to support Bulb being placed into special administration.

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A Government spokesman had previously warned that the issues with gas prices would be “monitored” in the months to come.

They said: “Ofgem – as the expert regulator – is monitoring the situation across the energy market for the continued impacts on high worldwide wholesale gas prices.

“We have put in place the powers and robust processes to ensure customers do not experience any disruption to their energy supply and that costs are minimised if a supplier should exit the market.”

There have been attempts made to sell the company amid the impending threat of going bust.

Octopus Energy, Ovo Energy, Shell Energy Retail and Centrica, the owner of British Gas were all in talks to purchase the company.

The company was formed in six years and until now, had been a provider of gas for nearly two million people.

But after six years, the company is now set to enter administration.



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