London Daily

Focus on the big picture.
Thursday, Sep 18, 2025

UK Energy Prices to be Lowered, Electric Car Owners to Benefit

UK Energy Prices to be Lowered, Electric Car Owners to Benefit

The energy price cap in the UK will be lowered, which will result in an average household saving £426.
Electric car owners will also benefit from the reduction, as the cost of charging their vehicles will decrease.

However, for those travelling beyond the range of their vehicle and rely on rapid and ultra-rapid chargers, the cost is much higher due to the 20% VAT applied to these charge points.

Octopus Energy is bringing back its Saving Sessions scheme this winter to help smart meter customers save energy and money.

The scheme will reward customers for reducing energy usage during peak periods and will donate a portion of the earnings to the hardship fund.

Edinburgh Airport workers have voted to take strike action in a dispute over pay, which could lead to travel chaos during the summer.

Workers at a soft drinks plant are also planning to strike over pay, with Unite members voting for a series of strikes.

The cost of wholesale energy has been rising due to the recent conflict between Russia and Ukraine.

This has resulted in higher energy costs, causing fuel poverty to become a mainstream experience for many families.

Despite the government's efforts to mitigate the impact with its energy support scheme, prices have still more than doubled in the past two years.

The cost to suppliers of buying energy has fallen, but this reduction will not be felt by consumers until the summer as companies purchase their supplies in advance.

While prices have stabilized, bills are still high.

In other news, Heathrow security guards have launched a three-day strike over pay.

The average price of a litre of unleaded fuel has fallen to 143.35p, down from 146.89p last month.

However, diesel remains overpriced.

Smaller lenders have temporarily withdrawn mortgage deals and repriced offers for new customers due to a jump in UK borrowing costs.

Car production has increased for the third month in a row as shortages of supplies have continued to ease.

This week's savings deals from Moneyfactscompare.co.uk include Chip's Instant Access powered by ClearBank with a 3.75% rate, an improved 5.00% rate from Investec Bank Plc's 1-Year Fixed Rate Saver, UBL UK's 1 Year Fixed Rate Cash ISA at 4.35%, Gatehouse Bank's Easy Access Cash ISA with a 3.55% rate, and NatWest's 2 Year Fixed Rate ISA Issue 323 at 4.50%.

Savers can find attractive deals with competitive rates and flexible options, such as unlimited withdrawals and tax-free ISA savings.

Minimum opening amounts vary per deal.
Newsletter

Related Articles

0:00
0:00
Close
Massive Strikes in France Pressure Macron and New PM on Austerity Proposals
Trump Seeks Supreme Court Permission to Remove Fed Governor Lisa Cook
Hillary Clinton’s Reckless Rhetoric Fuels Division After Charlie Kirk’s Assassination
NASDAQ Rises to Record as Intel Soars More Than 20%, Nvidia Gains 3%
Nvidia’s $5 Billion Bet on Intel Reshapes AI Hardware Landscape
Trump and Starmer Clash Over UK Recognition of Palestinian State Amid State Visit
Trump’s Quip on Biden and Google Lawsuit Revives Debate Over Antitrust Legacy
Macron and his wife to provide 'scientific photographic evidence' that she is a real woman
US Tech Giants Pledge Billions to UK AI Infrastructure Following Starmer's Call
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
DeepMind and OpenAI Achieve Gold at ‘Coding Olympics’ in AI Milestone
SEC Allows Public Companies to Block Investors from Class-Action Lawsuits
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Federal Reserve Cuts Rates by Quarter Point and Signals More to Come
Effective and Impressive Generation Z Protest: Images from the Riots in Nepal
European manufacturers against ban on polluting cars: "The industry may collapse"
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Trump: Cancel quarterly company reports and settle for reporting once every six months
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Hong Kong Industry Group Calls for HK$20 Billion Support Fund to Ease Property Market Stress
Joe Biden’s Post-Presidency Speaking Fees Face Weak Demand amid Corporate Reluctance
Charlie Kirk's murder will break the left's hateful cancel tactics
Kash Patel erupts at ‘buffoon’ Sen. Adam Schiff over Russiagate: ‘You are the biggest fraud’
Homeland Security says Emmy speech ‘fanning the flames of hatred’ after Einbinder’s ‘F— ICE’ remark
Charlie Kirk’s Alleged Assassin Tyler Robinson Faces Death Penalty as Charges Formally Announced
Actor, director, environmentalist Robert Redford dies at 89
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
JD Vance Says There Is “No Unity” with Those Who Celebrate Charlie Kirk’s Killing, and he is right!
Trump sues the 'New York Times' for an astronomical sum of 15 billion dollars
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
U.S. and Britain Poised to Finalize Over $10 Billion in High-Tech, Nuclear and Defense Deals During Trump State Visit
China Finds Nvidia Violated Antitrust Laws in Mellanox Deal, Deepens Trade Tensions with US
US Air Force Begins Modifications on Qatar-Donated Jet Amid Plans to Use It as Air Force One
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
Elon Musk Retakes Lead as World’s Richest After Brief Ellison Surge
U.S. and China Agree on Framework to Shift TikTok to American Ownership
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
×