Care operators facing 100% increases in their energy bills to keep residents warm this winter have demanded urgent government intervention to avoid home closures. A typical care home of 50 residents already spends about £50,000 annually on gas and electricity but price hikes could mean operators paying double that, according to one energy broker. Care homes are not covered by the price cap which protects domestic consumers.
Guardian 24th Sept 2021 read more »
Energy and food bills are set to rise significantly over the winter with the Bank of England warning that inflation could increase to more than 4 per cent before Christmas. Paul Scully, the minister for small business, said the government and energy regulator were having “conversations” about raising the energy price cap again in April. He told Sky News that the government was preparing for gas prices to remain high beyond a “short spike”.
Times 24th Sept 2021 read more »