• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 22 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 5 days Energy Armageddon
  • 3 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 13 hours "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 20 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 17 hours "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 20 hours The Federal Reserve and Money...Aspects which are not widely known
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days Сryptocurrency predictions
  • 2 days Goldman Betting on Cryptocurrencies
  • 10 days Putin and Xi Bet on the Global South
City A.M

City A.M

CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…

More Info

Premium Content

Brits Google ‘Energy Bill Help’ As Energy Suppliers Go Bankrupt

  • Extreme gas price volatility has led to a string of bankruptcies among British energy suppliers
  • UK Household gas bills have risen by 28.1 percent and electricity bills 18.8 percent in the year to October
  • Germany’s recent decision to halt approval of the Nord Stream 2 pipeline has added to UK energy woes

Google searches for ‘energy bill help’ exploded over three thousand percent in the UK on November 17, the same day two more energy suppliers collapsed.

Neon Energy and Social Energy Supply both ceased trading earlier this week, leaving 35,000 more customers in need of rescue from market regulator Ofgem.

Recent analysis of Google data from energy experts Boiler Central showed a massive spike in people looking for help with their energy bills.

This included a whopping 212 percent increase in searches for cheaper heating alternatives including ‘portable heater’ on November 17 as well.

Since the start of September, 21 energy companies have ceased trading due to soaring wholesale costs, while half of the country’s dual-suppliers have crashed out of the market in the past 12 months.

Household gas bills have risen by 28.1 percent and electricity bills 18.8 percent in the year to October, according to the ONS.

Related: Could An Energy Crunch Lead To A Worldwide Financial Crisis?

Germany’s recent decision to halt approval of a gas pipeline from Russia has also caused wholesale gas prices to jump 17 percent in the UK and EU.

Meanwhile, Ofgem is set to examine and potentially increase the energy price cap from its current £1,277 average use limit next year.

A spokesperson for Boiler Central said: “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.”

The organisation also pointed to grants and schemes available to help people on low incomes or universal credit with energy bills, such as a winter fuel payment or the warm home discount scheme – which could provide £140 discounts off electricity bills, in the form of vouchers for a household prepayment meter.

By City AM

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News