Government U-turns on energy windfall tax
To help fund this support, the government is introducing the Energy Profits Levy, a 25% surcharge on profits made by the UK oil and gas sector, which it is hoped will raise around £5bn over the next year.
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This levy is not a one-off and is set to stay until oil and gas prices return to normal levels, this could be in place until the end of December 2025.
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Just 4% of breakdowns AA attends are now for EVs with zero charge
Reports have shown that the percentage of call-outs (due to flat batteries) has halved over the last two years, given prospective electric car owners confidence over the range of an electric vehicle.
AA president Edmund King says, ‘We are now seeing EVs with much longer ranges, and most new EVs can do at least 250 miles.’
The RAC has also said they will be modifying their vans to include emergency electric charging capability by 2022.
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Cost of living: Energy price cap expected to rise by £830 to £2,800 in October, says Ofgem chief
With an already increased price cap from the previous six months, there are talks it is set to increase again in October. This increase could mean 9.6 million households will be under fuel stress.
Reports suggest that the price cap is expected to be in the region of £2,800. The chancellor needs to commit to more support before the price cap is implemented.
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UK households to get energy bill discounts of £400 this autumn
Rishi Sunak has finally given the announcement that everyone has been waiting to hear.
Sunak has provided a package to help everyone get through these hard times. This comes as millions will be left struggling if energy prices increase in October.
Every household in the UK is to get an energy bill discount of £400 this autumn as part of a package of new measures to tackle soaring prices.
With the poorest households receiving an extra £650 to help cover the cost of living.
The cost will be partly offset by 25% windfall tax on oil and gas firms’ profits, which have soared in recent months.
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Electric car rapid charging costs soar, says RAC
The rise in energy costs has affected the cost of rapid chargers for electric cars.
The price of charging an electric car on a pay-as-you-go, non-subscription basis at a publicly accessible rapid charger has increased by 21% over the last nine months, the RAC said.
With that being said this is still cheaper than the rise in costs for petrol and diesel. With petrol increasing 25% since last September and diesel 30%.
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