Ofgem drops retail energy price cap to lowest level in two years in boost for households February 23, 2024 Despite welcoming the price cap drop, Ofgem's head has said there are still "big issues" to be tackled
Brits to get ‘much-needed respite’ with energy price cap to drop by 15 per cent February 16, 2024 It said the cap will keep going down until July, which is also due to the seasonal change, causing less Brits to use oil and gas for heating especially.
Ofgem tells energy suppliers to cut switching times to five days or face a fine February 6, 2024 The move brings the required transition period down by 10 days
Ofgem to investigate claims of wind farms overcharging billpayers millions February 2, 2024 Energy regulator Ofgem is investigating the claims that wind farms may have incorrectly added close to £51m to taxpayer bills since 2018.
Energy bills to rise further to help suppliers pay off bad debts December 15, 2023 Ofgem said it is proposing a one-off price cap adjustment of £16, equivalent to around £1.33 a month, to be paid between April 2024 and March 2025.
Businesses should expect ‘fair prices’, Ofgem respond to FSB’s concerns ahead of winter December 8, 2023 The FSB called on energy suppliers last month, signalling that changes must be made as small businesses battle high utility bills.
Ofgem’s energy price cap to increase by five per cent as rising costs drive up winter bills November 23, 2023 Ther chancellor's main proposal was £960m for a “green industries growth accelerator”, but falling short of the US's green deal.
Millions of Brits worried as energy bills set to rise by more than £100 from the new year November 16, 2023 As Ofgem launches a price cap review, a forecast has warned of new year energy price hikes.
Energy suppliers to cough up £10.8m after missing smart meter targets November 9, 2023 Some of the UK's biggest energy suppliers have agreed to cough up £10.8m in redress payments, after missing smart meter targets.
Ofgem must hold firm on financial rules for suppliers after energy crisis, MP warns November 1, 2023 Ofgem needs to hold firm on financial requirements for suppliers, warned the deputy chair of a leading panel of Westminster MPs.