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The Latest Breaking News from Ofgem

Former BP chief urges freeze to UK energy price cap to help households

Ofgem should stop rises in cap, and energy firms unable to offer lower bills should be nationalised, says Nick Butler

The Guardian - UK

I worked for BP for 30 years – the energy sector has become incompetent and greedy

If these profiteering firms are failing to meet society’s needs, the government should take them back into public control, says Nick Butler, a former vice-president at BP

The Guardian - UK

Bills will reach almost £3,600 from October, experts say in final prediction

It is a forecast that will pile pressure on the Government to take rapid action, and spells out pain for more than 20 million households

Wales Online

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Octopus Energy customers urged to think about fixed rate tariff

It comes as Martin Lewis urges customers to regularly check if short-lived fixed tariffs could work out cheaper

Wales Online

Labour demands recall of parliament over cost of living ‘emergency’

Campaigners say early return of MPs could help lay ‘groundwork’ for more emergency support

The Independent UK

Industry unites behind plan for crisis fund to control soaring energy bills

A state-backed ‘deficit tariff scheme’ supported by banks would freeze energy bills at their current rate

The Guardian - UK

Cost of living calculator: Find out how much your bills are rising in price

To help you work out how the cost of living crisis is affecting you, The Mirror has created a new calculator to break it all down - from your energy bills to your mortgage

Daily Mirror

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Scammers pretend to be Ofgem looking to steal hundreds of pounds

Fraudsters are targeting people in the middle of a cost of living crisis

Liverpool Echo

Ofgem director QUITS in protest energy regulator isn't doing enough to help Brits

Labour's shadow climate change secretary Ed Miliband accused the government of being "asleep at the wheel" after the bombshell resignation. by Christine Farnish

Daily Mirror

Ofgem director quits saying UK energy regulator 'put companies before consumers'

ONE of Ofgem’s board members has quit after accusing the energy regulator of prioritising companies over customers.

The National (Scotland)

Some 45 million Brits to be in fuel poverty in winter, study warns

The hardest-hit region is set to be Northern Ireland

Wales Online

Cost of living scams: What to look out for and how to get help as fraudsters target relief payments

Dodgy texts, calls and emails on the rise as UK economic outlook becomes ever bleaker

The Independent UK

Octopus Energy customers should consider fixed tariffs this Winter

It comes as Martin Lewis urges customers to regularly check if short-lived fixed tariffs could work out cheaper

Manchester Evening News

Our politicians are ducking the hard truths of this energy crisis

Whatever you think of the various proposals to deal with the energy crisis, one fact stands out beyond all others. As a nation, we are worse off. Natural gas prices are eight times higher than they were at the beginning of 2021. Much of the increase occurred before Vladimir Putin…

Evening Standard

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Wales Online

Energy price cap was never designed to keep your bills down in the first place

The price cap is the same for every household, regardless of income

Wales Online

Inflation hits new 40-year-high soaring into double figures

The level is higher than forecast with experts thinking it would stay below 10%

Wales Online

Biggest cost of living increase in decades expected with latest inflation figures

Inflation is expected to peak later this year at 13.3% and will push the UK into a recession, according to the Bank of England

The Independent UK

Biggest jump in cost of living in decades expected with latest inflation figures

Consumer Prices Index inflation will likely reach 9.8%, according to an average of analysts’ estimates.

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The Independent UK

Cost of living: Who gets the £400 energy rebate and winter fuel payment?

Households will start receiving money off their energy bills from October

Daily Record

How to get the most accurate energy bill before your next direct debit due date

If your monthly payments are going up, there may be a way to make sure you’re not paying too much each month.

The National (Scotland)

Nicola Sturgeon to hold 'urgent' energy summit as 'one-third of Scots face fuel poverty'

THE First Minister is to hold an “urgent” summit with energy firms amid concerns that more than one-third of Scottish households will be in fuel…

Wales Online

Four economists on ways to tackle UK cost of living crisis

Political leaders from all major UK parties have put forward proposals to relieve the cost of living crisis this winter

The National (Scotland)

UK energy watchdog faces legal action over 'failures' as bills skyrocket

UK energy regulator Ofgem has been threatened with legal action should it fail to protect vulnerable customers from skyrocketing fuel bills.

Chronicle Live

Expert advises the 'very first thing' you should do if you can't pay winter energy bills

Millions across the UK are currently worried about Ofgem's October energy price cap increase - which is expected to rise to around £3,358 a year.

The Conversation

How to tackle the UK cost of living crisis – four economists have their say

UK inflation, already at 40-year highs, could pass 13% in October, according to Bank of England forecasts. While wages have not kept pace with inflation, much of the expected squeeze on households and businesses is down to rising energy costs.

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