Energy price cap to jump 13 per cent this summer Energy UK households will be hit by a sharp £200 rise in energy bills next month, leaving Brits bracing for a painful winter of higher bills off the back of the Iran war. From 1 July to 30 September the annual energy price cap will be £1,862 per year, up from the current cap of £1,641, [...]
Brits set for sharp rise in energy bills in July Energy Brits are set to face a sharp hike in energy costs this summer, with household bills forecast to rise by more than £200 a year, as the conflict in the Middle East ripples into the UK market. Energy analyst Cornwall Insight predicts that the annual bill for a typical dual-fuel household will increase to £1,850, [...]
British Gas to cough up £20m for ‘unfair treatment’ of vulnerable customers Energy British Gas is set to cough up £20m after the watchdog closed an investigation into the energy giant and found it “fell short in its treatment of an unacceptable number of vulnerable customers”. The investigation looked into British Gas’ treatment of customers who had prepayment meters (PPMs) installed without permission, with consumers set to benefit [...]
Energy price cap: Household bill spike could be lower than originally feared April 17, 2026 The household energy price cap is expected to rise by a lower amount than originally feared despite price volatility caused by the Iran war, according to the latest forecasts. The cap is expected to be £196 lower according to Cornwall Insight, who confirmed its prediction for Ofgem’s cap now stands at £1,837 for a typical [...]
Energy price cap set to jump as consumers brace for soaring bills March 31, 2026 The Ofgem energy price cap is expected to leap by 18 per cent after June as households brace for the impact of spiralling oil and gas prices. Energy consultancy firm Cornwall Insight has forecast the average annual energy bill to be set by the regulator Ofgem at £1,929 in July. It would represent a £288 [...]
Here comes Elon: Tesla wins licence to supply electricity in Britain March 12, 2026 Tesla has been granted approval to supply electricity to homes and businesses across the UK, opening the door for the electric vehicle giant to enter the country’s retail energy market. Energy regulator Ofgem confirmed on Thursday that Tesla Energy Ventures Limited, a subsidiary of Musk’s company, has been granted an electricity supply licence by the [...]
UK gas prices spike over 90 per cent amid US-Iran war March 3, 2026 Gas prices in the UK have nearly doubled as the war between US and Iran ramped up since the weekend. The price of UK wholesale gas prices – which reflect the costs energy suppliers pay to producers for natural gas before selling to household and businesses – has rocketed by 93 per cent in just [...]
Spring Statement Live: UK growth cut for 2026 but Reeves touts future forecasts March 3, 2026 Welcome back to the City AM liveblog. Rachel Reeves delivered her Spring Statement today, as the Office for Budget Responsibility published its updated forecasts for the years ahead. The Chancellor was handed quite a hefty blow with the UK’s growth estimate for 2026 slashed to 1.1 per cent from 1.4 per cent the year prior. [...]
Household energy prices to fall by 7 per cent from April 1 February 25, 2026 The price most households pay for energy will fall by 7 per cent from April 1, driven by the Government’s promised £150 cut to the average bill, Ofgem said. The regulator’s price cap will drop from the current £1,758 to £1,641 – a reduction of around £10 a month for the average household using both [...]
Centrica CEO: Regulate energy bosses like top bankers October 16, 2025 The boss of the UK’s largest energy supplier has called for the sector’s chief executives to be regulated like bankers, despite the government’s high-profile drive to slash red tape in a bid to boost the economy. During an evidence session with the Energy Security and Net Zero Committee, Centrica’s Chris O’Shea told MPs he was [...]