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The Latest Breaking News from Ofgem

Energy bills could double to £4,200 by January as households face cost of living crisis

Investment bank Investec now thinks the energy bills price cap - which is currently £1,971 a year - will jump to £3,523 in October, then leap to £4,210 in January.

Daily Mirror

Energy experts warn millions of households face £4,000 annual bills by start of next year

Ofgem is also warning people not to join the ‘Don't Pay’ group which is planned for October 1.

Daily Record

Next PM must find 'many more billions' in energy bill help - as hikes branded 'inhumane'

Institute for Fiscal Studies (IFS) chief Paul Johnson said it was a 'mystery' why Tory leadership hopefuls were obsessing over tax cuts when the country was heading into recession

Daily Mirror

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Cost of living: What will happen if you can't pay your energy bills and what can you do

Options are available if you've been threatened with a pre-payment meter or disconnection

Irish Mirror

Octopus Energy issue update to customers ahead of price cap hike

The energy price cap is expected to rise by 74 per cent this winter, on top of the 54 per cent households were hit with back in April 2022 - Octopus has since updated their terms and conditions.

Edinburgh Live

Ofgem energy price cap explained as regulator confirms bills to rise every three months

The energy regulators for Great Britain, Ofgem, have announced that the price cap will be reviewed four times a year rather than two in a bid to help customers pay "the real cost of their energy".

Glasgow Live

Energy bills to 'rise every three months' as part of shake-up, Ofgem says

The energy regulator for Great Britain has been reviewing the price cap on gas and electricity bills across the country - and they've brought news nobody wants to hear.

Glasgow Live

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Scotland 'cannot afford to stay in the Union' as worst recession since 2008 looms

Pro-independence politicians have hit out following an announcement that interest rates and inflation is set to rise

The National (Scotland)

BoE forecasts recession as inflation soars, unveils big rate hike

London (AFP) - Britain will sink into a lengthy recession later this year as inflation rockets even higher, the Bank of England forecast Thursday as it unveiled the biggest interest rate hike since 1995.

AFP

'This winter will be a heck of a shock': The people struggling to survive the cost of living crisis

And it's only set to get harder. Some analysts are predicting average household energy bills of £3,300 in October and persistent high prices throughout next year

Wales Online

Ofgem confirms energy price cap to be reviewed every three months as inflation predicted to hit 13.3%

Energy bills are not expected to start coming down until then end of 2024 or early 2025.

Daily Record

Bank of England delivers biggest rate hike in 27 years

London (AFP) - The Bank of England unleashed Thursday its biggest interest rate hike since 1995 as it forecast inflation topping 13 percent this year and warned of a looming year-long recession.

AFP

Bank of England hikes rates as it predicts 13% inflation and long recession

Base rate raised by 0.5 percentage points to 1.75%, as Bank says inflation will hit 13% in October

The Guardian - UK

What is the energy price cap and why is it increasing?

Ofgem is making some significant changes to how often the energy price cap is adjusted amid an increasingly erratic wholesale energy market

Manchester Evening News

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Manchester Evening News

British Gas, Shell, EDF, Scottish Power and more issue latest update on energy crisis

The energy giants have spoken out on what they are doing to ease the concerns of customers who can't pay their bills

Chronicle Live

Ofgem confirms price cap change every three months - how your energy bills will be affected

The energy regulatory body currently update prices twice a year - in April and October respectively - but will now additionally review the price cap in January and July

Liverpool Echo

Martin Lewis takes break from work as 'awful' winter ahead

Martin is taking a well-earned holiday to spend time with his family

Wales Online

What the energy price cap is and why it's changing

Ofgem says reviewing it every three months will provide stability to the market

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Evening Standard

Another gas bill ‘hammer blow’ for families

Ofgem boss warns of ‘very difficult winter’ with households facing new hike on January 1

Manchester Evening News

Energy bill price cap to be updated FOUR times a year as Ofgem warns of ‘challenging winter’

The price cap could increase to £3,729 from April next year, according to the latest predictions

Nottingham Post

What is Don't Pay UK: Organisation attempts to get Brits to stop paying energy bills

Ofgem has confirmed that price caps are set to update every three months, rather than six

Liverpool Echo

Ofgem confirms huge price cap change affecting all energy bills

The change will help to provide more accurate pricing for customers

Daily Mirror

Ofgem confirms price cap WILL change every three months - what it means for your bills

Ofgem has confirmed it will update its energy price cap every three months, instead of every six - meaning millions of Brits will see an update to their energy bills four times a year, instead of two

Chronicle Live

DWP bans energy firms from taking more money out of benefits for gas and electricity

The Government has put a stop on companies increasing the amount that can be charged to families who receive benefits - and the rule is in place until April 2023

Evening Standard

Energy price cap to update every 3 months as households face £3700 gas and electric bills

The energy price cap will update every three months, it was announced on Thursday, as household bills are expected to hit almost £4,000 next year.

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