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The Latest Breaking News from Ofgem

£500million set to be written off UK’s household energy debt bill

Ofgem intends to ‘reset’ the nation’s escalating energy debt with the move

The Independent UK

Around £500 million of UK energy bill debt to be written off, says regulator

Currently, £52 is added to annual household energy bills under the current price cap via a debt allowance to cover energy debts that are never paid.

Evening Standard

Boost for UK households as £500 million energy bill debt to be written off

Ofgem said it expects to write off the historic debt built up during the recent energy crisis, which could help around 195,000 people

The Independent UK

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One-off £150 energy bills discount - who is eligible and how does it work?

Households eligible for the Warm Home Discount scheme will be informed by letters, with the first sent out this week

Evening Standard

Ofgem should use firms’ windfall profits to fund energy debt relief, say MPs

Electricity and gas prices soared from late 2021, driven by the reopening of economies after Covid and Russia’s invasion of Ukraine.

Evening Standard

UK energy firms call for overhaul of regulator Ofgem

Energy UK claims Ofgem has overseen ‘dramatic rise in red tape’ that has pushed up bills and slowed economic growth

The Guardian - UK

Martin Lewis recommends winter energy bill heating trick costing less than £10

Many in the UK are facing high energy costs as the country heads into the colder winter months

The Independent UK

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Household energy debt hits eight-year high before winter

The current average household debt figure of £223 is 29% higher than last year’s £173, Uswitch found.

Evening Standard

Thousands of homes at risk of mould and damp after government eco insulation scheme failures

Almost all homes meant to benefit from a government-backed scheme are instead facing serious issues

The Independent UK

Almost all external insulation fitted under Tory scheme needs repair or replacing, report finds

Homeowners who took advantage of government programmes left with cladding likely to cause damp

The Guardian - UK

Thousands of homes need insulation fix after failures in flagship scheme – NAO

The spending watchdog warned that ‘clear failures’ in the ECO scheme led to poor-quality installations, health and safety risks and suspected fraud.

Evening Standard

Water bills: millions of households in England could face even bigger rises

CMA poised to give verdict after appeal by five firms for permission to increase bills higher than allowed by Ofwat

The Guardian - UK

Ovo flags ‘uncertainty’ over future after failing to meet Ofgem rules

The energy firm insists it is ‘working closely with Ofgem to deliver a capitalisation plan’ to meet the new financial resilience regulations.

Evening Standard

‘It’s unsustainable’: homes in Great Britain brace for winter with soaring energy debts

As typical annual dual-fuel charge rises to £1,755, charities warn over record £4.4bn owed to suppliers

The Guardian - UK

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The Guardian - UK

Britons preparing to ration energy as Ofgem price cap rises, says charity

National Energy Action says 58% of households expect to cut heating use as typical annual dual-fuel bill increases to £1,755

The Guardian - UK

What is the energy price cap for Great Britain, and can I cut my bill?

Regulator is to raise the government’s cap on bills on Wednesday – but it is possible to find a better deal

The Independent UK

Ofgem energy price cap rises as winter approaches

Energy price cap has risen by 2 per cent from 1 October for a typical household in England, Scotland and Wales

The Independent UK

Households urged to take action ahead of October 1 energy price rise

The energy price cap will rise by 2% from Wednesday for a typical household in England, Scotland and Wales.

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The National (Scotland)

Households facing £100 energy bill hike in April, analysts warn

Households are facing a £100 hike to energy bills in April.

The Guardian - UK

Future of Ovo Energy in doubt after failing financial stress tests

Firm, founded by green energy entrepreneur Stephen Fitzpatrick, says there is “uncertainty” around plan to improve capital position

Evening Standard

Households facing expected £100 rise to energy price cap from April

Cornwall Insight has forecast that rising charges and levies will push the price cap approximately £100 higher in April compared with January.

The Independent UK

Millions of UK households warned over £100 rise to energy bills

Calls for targeted social tariffs and other support measures are expected to grow

Evening Standard

Households urged to send in meter readings ahead of latest energy price rise

The energy price cap will rise by 2% from Wednesday for a typical household in England, Scotland and Wales.

Evening Standard

Major UK supplier of household energy to give out free electric blankets and boilers in days

OVO energy is helping vulnerable customers with their energy efficiency and fuel payments throughout the winter months

Evening Standard

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.

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