• 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"
  • 10 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
  • 8 days Energy Armageddon
  • 5 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 4 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 5 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 4 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 1 day Is Europe heading for winter of discontent with extensive gas shortages?
  • 4 days The Federal Reserve and Money...Aspects which are not widely known
  • 5 days Goldman Betting on Cryptocurrencies
  • 8 days Сryptocurrency predictions
  • 13 days Putin and Xi Bet on the Global South
Will The World See A U-turn In Nuclear Energy?

Will The World See A U-turn In Nuclear Energy?

With many nuclear reactors aging,…

Heat Or Eat: UK Households Brace For A Difficult Winter

More than three million UK households are facing a troubled winter in debt to their energy supplier – half a million more than last year – according to comparison service USwitch.com

Its latest research reveals that 59 percent of households say they are either worried or very worried, about how they are going to pay for their energy bills over the coming months.

Almost a fifth (17 percent) of households say they will now avoid putting the heating on even when it’s cold, and more than two million will spend less on food/

The anxiety reflects rising levels of debt, as UK households are now going into the coldest time of year owing £510m to suppliers.

This is an increase of £77m since 2020, with many feeling extra pressures caused by the rising cost of energy.

Meanwhile, the number of households in credit has fallen by four percent compared to last year.

Three-fifths of indebted households (62 percent) say their debt is higher or the same as it was last year, while only one in eight (13 percent) say the amount they owe is lower.

The average amount owed is £153.

Related: Oil Prices Slide On Fears Of Tighter Fed Policy

Justina Miltienyte, energy policy expert at Uswitch.com, said: “No customer should have to choose between heating or eating and it’s alarming that many households are facing that decision this winter.”

Offering advice to consumers, she added” “Anyone who is worried about their energy bills, or their existing debt, should contact their energy supplier in the first instance to see if they can set up an affordable repayment plan.”

USwitch used Opinium to conduct the research, who surveyed over 2,000 adults in the UK to reach their findings.

The findings follow the collapse of four more UK energy firms this week as challenger companies struggle with spiralling wholesale costs.

By City AM

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • George Doolittle on November 03 2021 said:
    True of Russia, true of China, true of all of Western Europe and Canada...basically true of the whole World outside of the United States.

    Indeed no less than the United Nations has queried a private non food delivery Company Tesla to literally save the World from Global hunger and indeed starvation.

    Meanwhile there are USA based Companies such as "beyond meat" and Impossible Foods in fact working on that!

    And I think they will succeed as well.

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