boydens.co.uk Utilities 30 H ouseholds are facing a steep increase in their energy bills due to a range of factors within the global wholesale market. This has driven up the price paid by providers to their highest levels in decades. Those increased costs are now being passed onto consumers, placing significant pressure on household incomes. The rise in energy prices has been caused by a combination of factors. There was a historic plunge in global energy consumption in the early months of the Covid-19 crisis in 2020 that drove the prices of many fuels to their lowest levels in decades. Since then, wholesale prices have rebounded strongly, mainly as a result of a rapid global economic recovery, a cold and long winter in the Northern Hemisphere, and a weaker-thanexpected increase in supply. COOLING LIVING the cost of As energy prices become a hot topic, Boydens’ Marketing & PR Manager Paul Howe looks at 12 top ways to reduce your energy bills this winter.
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