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The Latest Breaking News from Ofgem

Average annual energy bill set to fall by £238 in April

Ofgem move is welcomed by consumer groups but will will still be 50% higher than three years ago

Evening Standard

US chipmaker Nvidia hits $2 trillion valuation, riding high on AI boom – as it happened

Shares rise a further 4% after Thursday’s 16% jump following bumper results

The Guardian - UK

Energy providers must now switch customer tariffs in 5 days - or pay £30 in compensation

If your energy provider switch isn't complete in 5 working days, you'll be entitled to £30 compensation from April

Ideal Home

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Legal action launched against ‘rip-off’ secret commissions on UK firms’ energy bills

Thousands of small businesses sue for return of brokers’ fees that often go undisclosed in billing

The Guardian - UK

Elderly woman died after falling from ladder while trying to top up electricity meter at council house

Bernadette Faulkner, 80, had a prepayment meter around 8ft from the ground

Evening Standard

Storm Isha power cuts: Who is entitled to compensation and how to apply

Over 50,000 customers have been impacted by power loss by Storm Isha, with the remaining 2,000 customers still without electricity, according to Electricity North West

Evening Standard

EDF customers fear a cold winter after off-peak electricity rate almost doubles

Economy 7 users have always paid much cheaper rate to recharge storage or water heaters overnight

The Guardian - UK

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Number of UK households failing to pay energy bills jumps by 39%

The Direct Debit failure rate in December 2023 increased by 15 per cent when compared to the previous year

The Independent UK

Three energy firms allowed to force-fit prepayment meters again

EDF, Octopus and Scottish Power given green light by Ofgem to install devices in Great Britain under strict new rules

The Guardian - UK

Tenants with shared heat systems shocked to be ‘back-billed’ for hundreds

Those with private heat networks face increased energy tariffs – which suppliers are applying to months of previous usage

The Guardian - UK

Energy Bills In The UK Is Set To Increase By Five Per Cent After Rise In Energy Price Cap

The average annual household energy bill has risen by £94 to £1,928 during the coldest months of 2024.

International Business Times UK

Energy bill price hike takes effect as record numbers struggle with debt

Households that have not yet done so are urged to submit meter readings to their supplier as quickly as possible to ensure they are charged correctly.

Evening Standard

Glimmers of hope: your personal finance diary January-April 2024

As the cost of living crisis drags on, here are some dates that could make an improvement to your pocket

The Guardian - UK

Call to end ‘cruel’ winter rises as energy bills go up by £100 a year

Campaign groups call on regulator to abolish January bill increase, saying households are facing an ‘assault from all sides’

The Guardian - UK

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The National (Scotland)

What is the Ofgem energy price cap and how much will it increase on January 1st?

It has been announced that from 1 January 2024, the Price Cap is set to rise to £1,928 a year.

Evening Standard

Household energy bills to rise 5% from January 1 amid record consumer debt

Households are urged to submit meter readings to their supplier before January 1 to ensure they are charged correctly.

The Independent UK

Households issued urgent 24-hour warning as energy bills to rise by £94

Ofgem said rising costs are driven by market instability and global conflicts such as Ukraine

The Guardian - UK

Energy bills: read your meter now before Ofgem price cap rises

As new year looms, there’s one last job for households in Great Britain on standard variable tariffs

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The National (Scotland)

Rural communities in Scotland to be hit hardest by soaring energy bills

AS heating bills continue to rise into the new year, an MSP has challenged the UK Government to cut bills for rural communities facing plunging…

International Business Times UK

Energy Bills in the UK is set to Decrease by a Significant Amount in 2024

The energy price cap in Great Britain is set to decrease by 14 per cent, anticipated to bring down annual bills by an average of £268.

International Business Times UK

Energy Bills Predicted To Fall To £1,660 From April, A New Forecast Suggests

Consultancy firm Cornwall Insight says bills could drop by £268 a 16 per cent decrease – in line with the official price cap set by the UK's energy regulator Ofgem.

The Guardian - UK

Energy price cap in Great Britain to fall by 14% in April, says forecaster

Cheaper oil and gas expected to fuel drop in annual bills by £268 to £1,660

International Business Times UK

Ofgem Proposes Energy Price Cap Adjustment to Tackle £3 Billion Debt Crisis

The proposed measure involves a one-time adjustment of £16, spread across the period from April 2024 to March 2025.

The National (Scotland)

Energy price cap to increase as suppliers seek to recover debts

THE UK’s energy watchdog has unveiled plans to lift the energy price cap, signalling an increase to already high energy costs.

Evening Standard

Ofgem to hike energy price cap to help firms handle record bad debts

Regulator calls price cap a "blunt instrument" amid calls for support to be targeted at those who can't pay

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