The Latest Breaking News from Ofgem

Ofgem lowers energy price cap but bills still expected to rise for households

OFGEM is lowering its energy price cap – the amount suppliers are able to charge – from the current £4279 per year to £3280 for the average…

The National (Scotland) · Feb 27, 2023

Energy giants could be forced to return millions of pounds held in customer accounts

Exclusive: ministers look at returning money built up in accounts as households brace for another energy bills hike

The Independent UK · Feb 27, 2023

Household energy bills to rise by £500 in April - despite Ofgem price cap falling by £1,000

The Government's Energy Price Guarantee is set to increase by £500 to £3,000 as of April, meaning bills will rise by 20%

Chronicle Live · Feb 27, 2023

Energy cap drops by £1,000 but number who can't afford to pay bills will double

The lowering of the energy price cap won't cut anyone's bills

Wales Online · Feb 27, 2023

Pressure on Hunt as energy bills will rise despite fall in price cap

Consumers will pay more because 1 April is also date for reduction of government support

The Guardian - UK · Feb 27, 2023

What is the Ofgem energy price cap and why are bills still rising? What you need to know

The Government's Energy Price Guarantee (EPG) is similar to Ofgem's Price Cap as it sets the legal benchmark of what an energy company can charge you for your usage

Daily Mirror · Feb 27, 2023

Ofgem energy price cap falls by £1,000 - but bills will still RISE by £500 this April

Households are currently covered by the Government Energy Price Guarantee, which is set to increase from £2,500 a year to £3,000 from April - meaning bills are going up by 20%

Daily Mirror · Feb 27, 2023

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 · Feb 27, 2023

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 · Feb 27, 2023

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 · Feb 27, 2023