Energy regulator unveils price cap plans for ‘vulnerable’ households
Energy regulator unveils price cap plans for ‘vulnerable’ households
Around a million households who receive the Warm Home Discount should save an average £120/year on their energy bills when the regulator extends its prepay price cap to some credit meter customers within the next few months.
Ofgem says it will then plan to further extend the cap to two to three million more vulnerable households for winter next year, as part of a series of plans announced today to tackle high energy prices.
The price cap for vulnerable households is separate to plans for a wider cap on all standard variable tariffs, which was announced by the Prime Minister Theresa May last week. The Government is expected to give more details of how that could work when it unveils new draft legislation on Thursday.
Ofgem today also announced new rules which will allow suppliers to roll customers coming to the end of their fix onto another fixed deal, and proposals for automatic compensation when energy switches go wrong.
To read more on this article from moneysavingexpert please click here.
Rural homes ‘20% more expensive’
Buying a house in the countryside costs 20% more than it does in a town or city, according to the latest figures.
Although a ‘rural premium’ exists across the country, rural homes are comparitively much more expensive in some areas than others, suggests the Halifax housing index.
The greatest difference is in the West Midlands where the average rural house price (£280,776) is 47% (£89,272) higher than in the region’s urban areas (£191,504).
The smallest difference is in the East of England, where there average premium on countryside homes drops to £27,765 (or 9%).
Property in rural areas is less affordable than in urban areas, with the property price in rural areas 7.6 times average annual earnings.
This compares to a ratio of 6.5 in urban areas.
All 10 of the least affordable rural local authority districts are in southern England, where North Dorset is the least affordable rural district with an average house price of £361,603.
This is 11.4 times local annual average earnings (£31,723).
The second least affordable area is Chichester with and average house price of £411,547 (10.8 times), followed by West Oxfordshire (9.9 times).
To read more on this article from the Rural Services Network please click here.
Taking The First Steps: An Introduction to Forming a Community Co-operative
7th November 2017, 9.15am – 4pm, Worton Hall, Oxfordshire
Plunkett Foundation are organising a free event for anyone living in a rural community in the UK who wants to find out more about community co-operatives, why they work and the next steps to take. Whether you’re looking to save or open a shop, pub, woodland, renewable energy scheme, transport service, or anything else that your rural community needs, this event is a great way to find out more.
Download the agenda and book your FREE place at plunkettfoundation.eventbrite.co.uk
Warning that GP practices in rural areas are struggling to recruit doctors
The Rural Services Network is encouraging people to sign a petition, warning that GP practices in rural areas are struggling to recruit doctors
The petition will run until 19 March 2018
