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This is Money Podcast

Why aren't energy bills going down - and what to do if your smart meter goes mad

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1650 Ratings

🗓️ 3 January 2025

⏱️ 40 minutes

🧾️ Download transcript

Summary

In a not very happy start to the new year, Ofgem's energy price cap went up on 1 January from £1,717 to £1,738.

Energy experts at Cornwall Insight say it will go up again in April - and by more than they initially expected. 

So why are bills rising? After all, we are a long way from the peak of the gas price crisis back in 2021. 

This week, Georgie Frost and Helen Crane discuss when they will finally go back to normal - and whether fixed rates are a good deal again. 

The team also talk about an Octopus energy customer who was charged £5 to make a cup of tea thanks to a new smart meter. 

For homeowners starting 2025 by sticking their property on the market, we get some tips from estate agents on how to spruce up your home - and which renovations aren't worth the bother. 

We also discuss whether buyers really care about the smell of freshly baked bread, and what the best colour is to paint your front door. 

Helen speaks about the companies This is Money readers have moaned about most in 2024, and her highlights from the Crane on the Case column. 

And we finish off with some sensible tips from financial advisers about how to give your money a makeover in the new year. 

Transcript

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0:00.0

Welcome to This Is Money podcast sponsored by Charles Stanley Direct.

0:06.0

I'm Georgie Frost and joining me today is Helen Crane.

0:09.0

And coming up, experts reckon energy bills will be even higher in April as predictions are revised.

0:16.0

So is it time to fix.

0:18.0

Electric shock from 1p to 5 pounds. to make a cup of tea after having a smart

0:24.7

meter installed by Octopus. A connection mistake, but could this be the tip of the iceberg?

0:30.9

Looking to sell your home in 2025, we asked the experts on what you can do to make your house shine.

0:37.8

Our Helen has won back over 1.4 million for readers, as Crane on the case goes from strength to strength.

0:44.1

But what were our biggest money gripes of 2024?

0:47.7

And what should you be doing with your money in 2025?

0:52.4

Don't forget. Don't forget. You can stay up to date with all the latest

0:55.4

breaking money news just go to this ismoney.co.uk or download the app. Take control of your finances

1:02.2

with Charles Stanley Direct. Invest, save, coach or plan using technology where it's helpful

1:10.1

and people where it matters.

1:12.6

Our website and app make trading cost-effective and flexible, but we're more than just an online investment service.

1:18.6

We're here for you, regardless of your financial needs, or if your life takes an unexpected turn.

1:24.6

Your finances, your way.

1:30.9

Take control today with Charles Stanley Direct.

1:32.2

Sign up now.

1:33.7

Investment involves risk.

1:37.9

But first, energy bills went up at the start of the new year,

1:41.5

and unfortunately, the trajectory, at least for the immediate future,

...

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