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The Latest Breaking News from Ofgem

Household energy debt surges to £4.43 billion

Household debt and arrears have risen from £1.45 billion at the end of 2020 to £4.43 billion this year, Ofgem said.

Evening Standard

Consumer groups question benefits of lower standing charge tariff proposals

Citizens Advice raised concerns that not only would the plans not bring down people’s bills, they could even leave some consumers paying more.

Evening Standard

How energy standing charges are changing as Martin Lewis slams ‘disappointing’ plans

Campaigners including Martin Lewis have criticised the plans

The Independent UK

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Millions can save money on energy bills under new plans

IN FULL

The Independent UK

Lower standing charge tariffs set to be available by end of January, says Ofgem

The plans will allow households to pay the costs as part of their unit rate by lowering the daily fixed amount.

Evening Standard

‘Super battery’ schemes will store green power and save consumers money – Ofgem

The regulator announced 77 long duration energy storage projects progressing to the final assessment stage of a ‘cap and floor’ support scheme.

Evening Standard

‘Privatisation premium’: billions from UK energy bills paid to shareholders

Analysis reveals £416 of average bill of £1,719 taken as pre-tax profits by the major energy industries last year, rather than being reinvested

The Guardian - UK

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Rise in energy prices leaves 1m UK households behind on bills

Energy debts have more than doubled in last 12 years, finds report, as Ofgem signals it will raise cap on bills

The Guardian - UK

Warning of energy bill ‘cliff-edge’ after costs go up £700 in five years

Millions of people are facing a “cliff-edge” in support for energy bills, several leading charities have warned, as the government is urged to take action to tackle rising costs.

The Independent UK

Make Drax wait for its next subsidy deal. An FCA investigation is serious

Ministers should find out what the regulator says before signing away a further £1.8bn of public money

The Guardian - UK

Latest Drax inquiry will raise fresh questions about its billions in subsidies

FCA will look at allegation the biomass power station misled investors, and Whitehall, about its wood sourcing

The Guardian - UK

Households expected to pay £35 more on energy bills this winter – what you need to know about the Ofgem price cap increase

Energy bills have gone up again

Ideal Home

UK energy bills set to rise by 2% in October, fuelling inflation fears

Average UK households can expect a rise of around £2.93 (€3.40) a month in their energy bills, according to the UK energy regulator Ofgem, which sets the energy price cap for households and businesses.

Euronews

Tesla Plans to Supply Energy to Homes in the UK But the Brits are Having None of It – Here's Why

Thousands of people across the UK have already filed objections with Ofgem, the national energy regulator, warning that Elon Musk cannot be trusted with such a critical service.

International Business Times UK

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Evening Standard

Energy standing charge fiasco highlights failure of utility regulation

Excessive standing charges are “free money” for suppliers

Evening Standard

Household energy bills to rise by 2% despite falling wholesale prices

The energy bill for the average household paying by direct debit for gas and electricity will rise to £1,755 per year from October 1.

The Independent UK

Energy price cap increase ‘further blow’ to struggling Scots, says charity

Energy regulator Ofgem announced on Wednesday the cap will rise 2% on October 1.

Evening Standard

Why are energy bills rising again and what can I do about it?

Ofgem’s price cap is rising to £1,755 from the current £1,720 for an average household per year from October 1.

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The National (Scotland)

'Unacceptable': Ofgem announces two per cent hike to energy bills

THE typical Scottish household’s energy bills are set to rise by two per cent from October, energy regulator Ofgem has said.

Evening Standard

Energy bills to rise by £35 a year from October

For an average household paying by Direct Debit for gas and electricity, the overall bill will be £1,755 per year.

Evening Standard

FTSE 100 Live 27 August: US trading lifts JD Sports Fashion, energy bills to rise

A North American sales beat today fired up JD Sports Fashion shares during a lacklustre session for the FTSE 100 index ahead of tonight’s Nvidia results.

Evening Standard

Household energy bills to rise by 2% from October 1

Ofgem has released its latest energy price cap for the three months from October.

The Independent UK

Energy bills to rise ahead of winter despite prediction of relief for households

The increase will be a small one but it is an additional burden for consumers compared to earlier estimations of a drop

The Guardian - UK

Annual energy bills set to rise £35 in October, Trump slaps 50% tariff on India – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Household energy bills to rise by 2% before winter as Ofgem sets new price cap

Bills will increase by more than expected after Ofgem set its new price cap this morning

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People

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