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The truth about the energy price cap

The truth about the energy price cap

Published by: UTTILY
Date: 14 December 2018, 12:00 am

Here’s something you might not know about the impending energy price cap – it might not actually save you any money.

The cap only applies to standard variable rate tariffs, so if you’re on one of the many fixed-rate deals that cost more than the proposed cap, then it won’t save you a penny. Even if you’re on a standard variable rate tariff, it won’t literally cap the amount you pay, and the size of your bills will still depend on how much energy you use, where you live and how you pay.

And they…

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One Select collapse – what are your options?

One Select collapse – what are your options?

Published by: UTTILY
Date: 10 December 2018, 12:00 am

Another small supplier has gone bust. One Select Energy is the eighth supplier to cease trading this year, and its collapse will affect around 36,000 households. If you’re a One Select customer, here’s what happens next.

The advice from Ofgem, the energy regulator, is to sit tight for now and wait until your contract is taken on by another energy supplier. Under the terms of Ofgem’s Safety Net, there’ll be no disruption to your energy supply, so you’ll notice no difference even though One Select is no longer providing your power.

Ofgem will now work to allocate your supply to…

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How to save money on your energy bills this Christmas

How to save money on your energy bills this Christmas

Published by: UTTILY
Date: 5 December 2018, 12:00 am

The festive season is nearly upon us, and with dropping temperatures, extra guests and Christmas dinners to contend with, many of us will be feeling the pinch when it comes to our finances.

We recently conducted research into the UK’s energy spending habits over Christmas and found that households are predicted to spend a collective £41.6 million on energy on Christmas Day alone - that’s a lot of extra cash that could be spent in the January sales!

See how this breaks down in our infographic (blog continues below):

If the sight of all those numbers is making…

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Spark Energy collapse – what are your options?

Spark Energy collapse – what are your options?

Published by: UTTILY
Date: 23 November 2018, 12:00 am

Just days after Extra Energy went under, another small supplier has gone bust. Spark Energy has announced it has ceased trading, affecting 290,000 households. If you’re a Spark Energy customer, here’s what happens next.

when the regulator appointed Scottish Power to take over Extra Energy’s contracts earlier this week, all customers will still be billed by Spark and contacted by Spark’s customer service team.

This is because Ovo Energy has also acquired the Spark Energy Ltd, which is Spark’s operating company, and will continue to use the Spark Energy brand.

But…

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Extra Energy collapse – what are your options?

Extra Energy collapse – what are your options?

Published by: UTTILY
Date: 21 November 2018, 12:00 am

If you’re one of the 108,000 domestic energy customers, or one of the 21,000 businesses who have their power supplied by Extra Energy, you may well be wondering what you do now the company has collapsed. Here's all you need to know.

Earlier in the year, around the time Iresa went under, we outlined what to do if your energy supplier goes bust - Ofgem has appointed Scottish Power as its preferred provider for Extra Energy Customers, and all contracts will be transferred as of Sunday, November 25.

What happens to your energy contract now?

If you had an…

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