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The Latest Breaking News from Ofgem

Energy bills could rise by £500 despite price cap being brought down

It is believed Ofgem could drop its price cap on Monday, but that doesn't mean bills will get cheaper, according to one consultancy firm

Manchester Evening News

Energy bills to rise despite estimated reduction to Ofgem price cap – analysts

Ofgem is expected to announce on Monday it will drop its cap on the amount energy suppliers are able to charge by around £1,000

Evening Standard

Energy bills to rise by £500 in April despite Ofgem bringing down price cap

Customers will pay about 20% more on their bills – approximately £500

Wales Online

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Drax Hydro workers vote to strike in pay dispute

Union warns that industrial action could hit power supply - although the company denies this risk

Insider UK

Ofgem tells energy firms to pay out over force-fitted prepay meters

Regulator says suppliers should start removing meters and compensating families who have had one fitted against their will

Chronicle Live

Ofgem board faces shake-up over handling of energy crisis

Ministers to recruit new directors after regulator’s attempts to improve competition in energy market was hit by supplier failures

The Guardian - UK

Gas prices are falling but your energy bills still won't be affordable any time soon

Wholesale gas prices – the price paid by the company that then sells it on to you – are at last starting to fall to levels below where they were before Russia invaded Ukraine in February 2022, though not back to levels before the global economy restarted after COVID lockdowns.

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ScottishPower reports retail loss as consumers cut back on energy use

Renewable energy generator said underlying group profits were helped by windy conditions last year

The Guardian - UK

Energy firms ordered to give customers compensation over prepayment meter fittings

It comes after British Gas came under fire following an investigation from The Times that claimed the energy giant used debt collectors to break into the homes of vulnerable customers

Daily Mirror

Energy firms told to pay out over forced prepayment meter installations

Ofgem chief executive Jonathan Brearley announced a ‘comprehensive, independent, wide ranging review into what has happened’

Evening Standard

Suppliers told to remove prepayment meters that were wrongly force-fitted

Ofgem says energy companies must compensate customers now rather than wait until its review is complete

The Guardian - UK

Seven ways to save money on energy bills before new price cap change in April

Household energy bills are set to soar despite £1,000 drop in Ofgem price cap.

Daily Record

Energy firms warned 'fix it now' over wrongly fitted prepayment meters

Regulator Ofgem is investigating but says companies should start compensating customers whose homes were wrongfully fitted with a prepayment meter

Wales Online

Hit that switch: UK energy suppliers will get competitive again

Suppliers are expected to feel empowered by an easing in prices this year to hunt for customers

The Guardian - UK

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Manchester Evening News

Warning that energy bills will rise in coming months despite £1,000 drop in price cap

Analysts Cornwall Insight has issued its forecast for April

Evening Standard

Household energy bills set to soar despite £1,000 drop in price cap

The amount that people pay for their energy is currently regulated by the Government’s energy price guarantee

Wales Online

Energy bills set to soar in April despite price cap drop

There should be better news come summer

Chronicle Live

Warning that thousands are missing out on help from energy suppliers

The Priority Services Register helps vulnerable households, such as those who are elderly or ill, and makes sure they get extra support

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Chronicle Live

Six-week warning as forced prepayment meter ban coming to an end

Energy regulator Ofgem is said to be in talks with suppliers and reviewing the treatment of vulnerable customers

Manchester Evening News

'If things get any tougher I'll have to ride the Metrolink all day just to stay warm'

Arthur Dormer fears he will have to spend all day in supermarkets ahead of energy bill increases

Daily Mirror

Cheaper energy deals could be back in a 'matter of weeks' in good news for Brits

Since October, the Government's Energy Price Guarantee has meant standard variable energy tariffs have been the cheapest option available so there has been no incentive to switch

The Independent UK

Centrica boss urged to waive £1.6m bonus – but refuses to discuss it

‘Too early to have conversation’ abount bonus, says chief executive after record profits spark outrage

Daily Record

Half of Scottish adults rationing everyday essentials to keep on top of bill payments

The strain on household finances is being pushed to breaking point during the cost of living crisis.

The Guardian - UK

Ofgem says ban on forced prepayment meters will end in six weeks

The prospect of a return to the practice in April may raise concerns among consumers facing large hikes in bills

Wales Online

How electric car owners can save up to £1,000 a year and even sell their EV energy for a profit

The UK Government believes the average driver could save hundreds of pounds

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