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The Latest Breaking News from Ofgem

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

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

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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 Guardian - 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.

The Independent UK

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

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

The National (Scotland)

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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

The Guardian - 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

The Independent UK

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.

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.

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

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The Independent UK

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

Campaigners including Martin Lewis have criticised the plans

The Independent UK

Millions can save money on energy bills under new plans

IN FULL

Evening Standard

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.

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The Guardian - UK

‘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

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 Independent 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 Guardian - 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

Ideal Home

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

Euronews

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.

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