The Latest Breaking News from Ofgem

Gas prices have risen to an all-time high with energy bills set to rise by around £700 a year

Rolling coverage of the latest economic and financial news

Campaigners calls for social tariff for home energy bills as crisis deepens and households face paying hundreds of pounds more to keep their families warm

Britain’s energy regulator Ofgem is set to increase its cap on energy prices by 54% this April 2022. This is in response to the skyrocketing price of gas, aggravated by demand picking up as countries relaxed lockdown measures, low-wind speeds, and bottlenecks in supply chains.

Experts predict bills could leap by another £300, to £2,300, next October given current energy costs. However, it is feared households could be hit by further price rises between April and October

The average household bill is set to rise by an extra £693 per year as the price cap from Ofgem has been confirmed - Here is what the DWP is offering to help pay energy bills in Scotland.

A number of factors will contribute to a higher cost of living in Scotland this year, including the energy price cap increase, higher National Insurance rates and more

The energy crisis is biting hard. Average gas and electricity bills in the UK will rise by 54% on April 1 2022 when the regulator Ofgem lifts its price cap. This is an increase of roughly £700 a year (US$950). According to the charity National Energy Action another two million…

Amid a major increase in energy bill prices in April, fears are growing over another increase before October