London Daily

Focus on the big picture.
Saturday, Apr 26, 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Smaller lenders have temporarily withdrawn mortgage deals and repriced offers for new customers due to a jump in UK borrowing costs.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
Alberta's Push for Independence Raises Questions About Canada's National Unity
Virginia Giuffre, Prince Andrew and Jeffrey Epstein accuser, dies by suicide
"China has survived for five thousand years, most of it without the United States as a market, and it can easily continue to survive without the U.S. market for another five thousand years — no problem," said a China analyst.
Elites vs. America: How Democrats Lost the Plot and the People
Pam Bondi Details Wisconsin Judge’s Actions Before Arrest: 'Can't Make This Up'
Not Child’s Play: How Competitive Gaming Became a Global Economic Empire
California Surpasses Japan to Become the World’s Fourth-Largest Economy
Peter Navarro: The Man Behind Trump’s Tariff Madness
Milwaukee Judge Arrested on Allegations of Aiding Undocumented Immigrant’s Escape
Former U.S. Congressman George Santos sentenced to eighty-seven months for wide-ranging fraud
Trump administration moves to BAN essentially ALL artificial food dyes in the USA food supply at RFK Jr.'s direction
Woman slaps man at sports game and gets herself and husband beat up
Pope Francis: head of the Catholic church who pushed for social and economic justice
China do not pay these tariffs - you pay it. This is new 145% tax you pay to the US government.
Nightlife in the streets of Manchester
In God We Profit
Cultural Battles in the Vatican: The Candidates in the Battle for the Holy See and Pope Francis's Testament
Global Leaders Pay Tribute to Pope Francis Following His Death
Wild Chimpanzees Observed Bonding Over Alcoholic Fruit
US Federal Reserve Chair Issues Warning on Tariff Impact
UK Prison Officers Demand Electric Stun Guns Amid Safety Concerns
China, China, China!
Australian National Charged as Mercenary for Fighting in Ukraine
Israel Considers Limited Strikes on Iran's Nuclear Facilities Amid Diplomatic Efforts
Prince Andrew Joins Royal Family Attends Easter Sunday Service at Windsor Castle
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
Trump is assembling a coalition of Western leaders aligned with the MAGA vision, strengthening a unified front for global change
IMF Predicts No Global Recession Amid Trade Tensions
Here’s a police officer with a brilliant gift for swift education
"Some complain that we put thousands in prison. In reality, we set millions free."
This is Vienna, Austria in 2025.
Boeing Jet Returns to US from China Amid Tariff War
Canadian Federal Election: Candidates' Positions on US-Canada Relations and Donald Trump
Resentencing Hearing for Menendez Brothers Who Killed Their Parents Delayed Amid Legal Disputes
Australian Woman Gives Birth To Stranger's Baby In IVF Mix-up
US Sets Deadline for Russia-Ukraine Peace Deal Brokerage
Italy Introduces 'Sex Rooms' in Prisons for Inmates
California Launches Legal Challenge Against Trump Administration's Tariffs
"Groundless": China Dismisses Zelensky's Claims It's Supplying Arms To Russia
UK Psytrance Festival Cancelled Amid Local Protests Over Noise Concerns
French Far-Right Writer Renaud Camus Denied Entry to UK
UK Police Force Updates Search Policy for Trans Individuals in Custody
Italian Prime Minister Giorgia Meloni Meets with Donald Trump to Discuss EU-US Trade Tensions
Canada's Federal Party Leaders Engage in Final Debate Ahead of General Election
Ukraine and US Sign Outline of Minerals Deal
Fast Food Chain Refuses to Apologize for Online Comment About Katy Perry's Space Voyage
New York Attorney General Letitia James Faces Criminal Referral for Alleged Mortgage Fraud
Mark Cuban admits support for Trump executive order: ‘Gotta be honest’
US Senator Meets with Deported Immigrant in El Salvador Amid Custody Dispute
×