The Latest Breaking News from Jonathan Brearley

Ofgem said homes with young children were also part of expanded and mandatory code of practice

The British energy regulator Ofgem has announced the energy price cap for the last quarter of 2023, including early winter. Gas and electricity should be slightly cheaper than last year, but they are still too expensive.

Energy bills will fall in October from £2,074 to £1,923 a year for the typical household, Ofgem has announced.

The price cap is not fit for purpose – how would subsidies reach the poorest and how will we pay for them?

MILLIONS of households are expected to pay more for their energy this winter than they did a year earlier, even though Ofgem reduced the price cap…

Live, rolling coverage of business, economics and financial markets as regulator cuts average annual ebergy bill to £1,923

A lower price cap will still mean unaffordable bills for many. Yet a fairer alternative has been quietly dropped

Bills likely to rise again from January and consumer groups say energy costs remain ‘dangerously high’

Jonathan Brearley says a more rigorous framework is needed to support households

Head of regulator for Great Britain says firms with weak finances should not pay dividends as energy crisis abates

Ofgem told suppliers they must not repay dividends to investors until they can prove they are financially robust.