Ofgem energy price cap falls - but average household bills still expected to rise The energy watchdog has reduced the energy price cap to £3,280 effective from 1 April. It's currently £4,270. Despite this, bills are still expected to rise by 20% because the Government's energy price guarantee, which caps House or bills at £2,500 annually, will rise to £3,000. The Chancellor, Jeremy Hunt, is facing calls from opposition parties to keep the support at the current level in his spring budget next month. Let's get more on that, should we? And Goprit is here with us. So the ceiling's come down, but our bills are still going to go up. Yeah, it's a bit complicated. But when you add up all the numbers, actually the result is that households and businesses are worse off as a result of it. So this should be good news. Of jam set, something called the energy price cap. It li...

Martin Lewis: Energy Price Guarantee rise would be 'act of national harm' If the price rises in April, it's not firms, it's not regulators, it is the government putting people's prices up. Well, I wrote to the Chancellor three weeks ago, asking him to not increase the rise, the energy price guarantee in April by 20% as planned, for all the reasons that have just been outlined there. And most importantly, what you have to understand is if we do increase it, it would result in an act of national mental health harm. People have been battered by successive rises in energy bills, 14% rises in broadband, 7% in water, 5% in council tax. And for the sake of just three months, and you heard the explanation of why it's just three months there, to send millions of people another letter is bad for people's finances. It's bad for people's state of mental health....

World’s Longest 'Interconnector' to Supply Green Electricity to 1.4 Million UK Homes Summary: The Viking Link interconnector, spanning over 600 miles, is the world's longest land and sea interconnector, connecting the UK and Denmark. Interconnectors enable the UK to import cheap green electricity during high demand and export excess energy to other countries when wind generation exceeds local needs. Interconnection is critical in the effort to decarbonize the electricity power system and reduce carbon emissions, contributing significantly to the UK's power output. The expansion of interconnectors is essential to secure energy suppl...

Summary: Centrica , the owner of British Gas , reports a profit of £2.1 billion, nearly double the previous year's figures. British Gas profits have seen a tenfold increase, with £969 million in the past year. The significant profits have been attributed to changes in the price cap imposed by off-gem. Consumer groups argue that the regulatory system for energy suppliers needs an overhaul to promote competition and fair pricing. The privatized utilities sector continues to face debates on what constitutes a fair price and reasonable profit. ...

Summary: FTSE 100 rises on a day of earnings announcements , driven by Cendrica 's exceptional performance with a tenfold increase in net cash and 55% jump in adjusted profit . Shell 's $5.5 billion buyback scheme and dividend hike fail to impress investors , leading to a decline in shares. Barclays faces challenges as increasing quarterly pre-tax profits are overshadowed by mounting bad debt provisions . Drax Group 's positive half-year pre-tax earnings do not prevent a slip in shares. BT opens higher on the back of quarterly revenue rise , while Ocado 's shares are impacted by the upcoming retirement of th...

Summary: UK sees record number of heat pump and solar panel installations, averaging over 20,000 per month. Government offers up to £5,000 in incentives for renewable energy installations. Investment of £6.6 billion has upgraded 2.5 million homes, with 47% rated C or above. Goal of 600,000 heat pump installations per year by 2028. Debate continues over adequacy of government funding for reaching net zero targets by 2050. ...

Summary: China's deflation could lead to cheaper import s globally, potentially benefiting the UK's consumer market. UK inflation may receive some relief from cheaper Chinese import s, but ongoing challenges persist. Sustained deflation in China might hinder UK exporters due to delayed spending and slower market growth. Global trade, consumption, and commodity prices could be significantly affected by a slowdown in China's economic growth. ...

President John F. Kennedy’s Grandson Blasts Robert F. Kennedy Jr. and Endorses Joe Biden Summary: Jack Schlossberg, President John F. Kennedy’s grandson, endorses Joe Biden for president, citing shared values of public service and courage. Schlossberg praises Biden's achievements, including job creation, infrastructure and green energy investments, and ending the country's longest war and the COVID pandemic. He criticizes his cousin, Robert F. Kennedy Jr., for exploiting the Kennedy legacy and urges support for Biden in the elections. ...

Summary: Prince Andrew seeks to regain taxpayer-funded security after losing it due to his civil sex assault case brought by Virginia Giuffre . Former Home Secretary Priti Patel 's suggestion of a security review for Prince Andrew sparks debate. Duncan Larkham argues for reinstating security due to Andrew's royal status and potential security risks . Ava Santina questions the appropriateness of taxpayers bearing the cost and compares Andrew's situation to that of other public figures. The discussion delves into the royal family's m...