Ofgem clamps down on generators gaming the system after £3bn hit to households September 1, 2023 Electricity generators will no longer be able to artificially inflate energy prices and drive up households bills.
Energy bills expected to fall £150 a year from October, say analysts August 18, 2023 The amount that an average household is expected to pay for its energy bills will fall by around £150 per year from the start of October, according to a new forecast. Ofgem’s next price cap, which will be announced on Friday next week, will drop to around £1,925, according to the latest forecast from Cornwall [...]
Ofgem pledges energy supplier profit bonanza will be a ‘one off’ July 27, 2023 The mega profits unveiled by energy retailers this week are a one-off, pledges market watchdog Ofgem after a bumper week of earnings.
Ofgem moves to shore up energy sector risk consolidating big firms’ market power July 26, 2023 Suppliers are facing tightening financial rules from regulator Ofgem, which is desperate to avoid a repeat of the domestic energy crisis.
Ofgem toughens finance requirements for suppliers in latest market clampdown July 26, 2023 Ofgem has announced toughened capital requirements for suppliers, as it looks to ensure firms are resilient to future market shocks.
Energy suppliers could have to hand money back to customers in Ofgem price cap review July 19, 2023 Ofgem could order suppliers to pass money back to customers this winter as part of its latest review of the price cap.
Ofgem shortlists four suitors for £2bn offshore wind assets July 18, 2023 Ofgem has now shortlisted four operators for the next bidding round of its highly prized offshore transmission links, worth an estimated £2bn.
Ofgem clamps down on firms handing out dividends without secure finances July 4, 2023 Ofgem will step in against suppliers that hand out dividends to shareholders before recapitalising, warned the watchdog's boss.
Energy costs to fall from July but bills still almost double pre-crisis levels June 30, 2023 Households will pay less for their energy supplies from Saturday amid warnings bills will still be double the price before the crisis.
Ofgem cracks down on generators that left customers with a £3bn bill June 29, 2023 Generator owners will no longer be able to hold back supplies, so they can later harness higher prices for back-up power generation.