The Latest Breaking News from Ofgem

The energy cost for households is due to increase as various government support schemes come to an end

From April the government will increase the maximum for dual fuel from £2,500 to £3,000 per year as experts anticipate Ofgem announcing a price cap equivalent to £3,294 per year

'Unfortunately you do get conversations where people have moments of suicidal thoughts"

The latest energy price cap will be revealed by regulator Ofgem on Monday

It is believed Ofgem could drop its price cap on Monday, but that doesn't mean bills will get cheaper, according to one consultancy firm

Ofgem is expected to announce on Monday it will drop its cap on the amount energy suppliers are able to charge by around £1,000

Customers will pay about 20% more on their bills – approximately £500

Union warns that industrial action could hit power supply - although the company denies this risk

Regulator says suppliers should start removing meters and compensating families who have had one fitted against their will

Ministers to recruit new directors after regulator’s attempts to improve competition in energy market was hit by supplier failures

Wholesale gas prices – the price paid by the company that then sells it on to you – are at last starting to fall to levels below where they were before Russia invaded Ukraine in February 2022, though not back to levels before the global economy restarted after COVID lockdowns.