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The Latest Breaking News from Ofgem

Pressure grows on Jeremy Hunt to keep energy support as bills set to rise by £500

The Chancellor is being called on to act as households face the dual blow of rising bills and the end of the energy bills support scheme

Evening Standard

FTSE 100 Live: Pound tops $1.20 as Brexit NI deal reached, new Ofgem energy price cap revealed

Associated British Foods today said it had been boosted by better-than-expected trading at retail division Primark.

Evening Standard

Lidl limits sales of tomatoes, cucumbers and peppers – as it happened

Supermarket latest to ration vegetable sales; Ofgem cuts maximum cost of electricity and gas units from April, but average bills set to rise anyway

The Guardian - UK

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Energy bills set to rise despite expected reduction in Ofgem’s price cap

The energy cost for households is due to increase as various government support schemes come to an end

Wales Online

Brits face 20% energy bill rise in weeks - pushing 1.7million homes into crisis

From April the government will increase the maximum for dual fuel from £2,500 to £3,000 per year as experts anticipate Ofgem announcing a price cap equivalent to £3,294 per year

Daily Mirror

'I spent a day at the place you call if you're in debt. It was truly harrowing'

'Unfortunately you do get conversations where people have moments of suicidal thoughts"

Manchester Evening News

Martin Lewis explains how energy price cap announcement next week will affect bills

The latest energy price cap will be revealed by regulator Ofgem on Monday

Manchester Evening News

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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

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.

The Conversation

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The Guardian - UK

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

Daily Mirror

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

Evening Standard

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’

The Guardian - UK

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

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Daily Record

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.

Wales Online

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

The Guardian - UK

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

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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