The Latest Breaking News from Ofgem

Ofgem is dropping its cap on energy prices by around £1,000 from April but bills are still expected to rise by an average of £500. The energy regulator is lowering its energy price cap from the current £4,279 per year to £3,280 for the average household, effective from April 1,…

Energy bills are currently controlled by the Energy Price Guarantee and this is set at £2,500 a year for the typical household - so when will our bills finally get lower?

Jeremy Hunt could spare millions of households a £500 hike in their energy bill in April given the surprise short-term boost to the public finances, leading economists said on Tuesday.

Energy Security Secretary Grant Shapps said the UK will rely more on nuclear and renewable energy in a bid to lower wholesale electricity prices

Your personal finances may take a large hit from April this year

The rising cost of energy has been making headlines for months, but for many people, it’s just as confusing as the first time they heard it

With news of the energy cap hitting headlines, many will find themselves asking who is behind it

Despite falling wholesale energy prices, households are still facing eye-watering bill hikes from April.

Regulator Ofgem announced today (February 27) that the figure suppliers will be able to charge will drop from £4,279 per year to £3,280 however UK households will still have to pay more

Even though the Ofgem price cap will fall in April, energy prices will rise by around 20 per cent

The Money Saving Expert appeared on Good Morning Britain to explain why the lower price cap doesn't mean lower energy bills - however things could change in the summer