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The Latest Breaking News from Ofgem

Energy Price Cap to decline further in July, but rise this winter, experts say

Energy consultancy Cornwall Insight says the price cap will fall to £1,560 from 1 July, but will then rise to £1,630 three months later

Evening Standard

New blow to British smart meter rollout as number of faulty machines leaps to 4m

Fears of overcharging on bill grows after jump from 2.7m machines is blamed on reporting errors from energy providers

The Guardian - UK

Ofgem announces consultation on new dynamic ‘time-of-use’ price cap for households

The new system could mean greater exposure to fluctuations in wholesale energy prices

Evening Standard

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Energy Price Cap could be replaced by ‘market-based’ system

The new system could mean greater exposure to fluctuations in wholesale energy prices

Evening Standard

Brits keep their homes colder than anyone else across Europe, research shows

British people have been keeping their homes colder than their European counterparts during the cost of living crisis, research has revealed.

Evening Standard

UK watchdogs say they will take action against ‘threatening’ debt collectors

Joint letter from regulators targets finance and utility sectors for volume and tone of correspondence to vulnerable customers

The Guardian - UK

Capacity crunch on National Grid is delaying new homes in UK by years

Council leaders warn of ‘infrastructure crisis’ that will also affect green energy schemes and hinder growth

The Guardian - UK

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Energy bills: how much will you save this year? ...The Standard podcast

Households in Britain will soon potentially be saving over £200 on those sky-high energy bills.

Evening Standard

Ofgem delivers good news as energy bills are set to drop by over 12% from April

Ofgem announces the new energy price cap figure which will take effect from 1st April

Ideal Home

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

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

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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

The Guardian - UK

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 Independent UK

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 Guardian - 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

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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

International Business Times 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.

Evening Standard

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.

The Guardian - UK

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 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.

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