Ofgem’s energy price cap to increase by 10 per cent from October Energy Households will pay £12 a month more for their gas and electricity bills starting in October after Ofgem announced it would lift its price cap. The energy price cap for the final quarter of 2024 will rise 10 per cent to £1,717 for a typical household in the UK, the energy regulator confirmed today. That [...]
Ofgem takes steps to improve flexibility of UK’s energy market in clean power push Energy Ofgem has pushed ahead with plans to increase the flexibility of the UK's energy market as it becomes more reliant on intermittent sources of energy, like wind and solar.
Ofgem: Energy watchdog to consult over AI’s risk to industry collusion OFGEM Ofgem said it "appears to have sufficient powers to address important risks arising from the use of AI when detected."
Ofgem price cap: The time of day your household uses energy could impact future bills March 25, 2024 A "more dynamic" price cap could be introduced by Ofgem based on the time of day households use their energy, it has been revealed.
Ofgem fast-tracks Scotland to England ‘electricity superhighway’ with extra funding March 20, 2024 The energy watchdog said that the project's funding timeline could be cut by as much as two years
Energy bills to rise further to help suppliers pay off bad debts December 15, 2023 Ofgem said it is proposing a one-off price cap adjustment of £16, equivalent to around £1.33 a month, to be paid between April 2024 and March 2025.
Businesses should expect ‘fair prices’, Ofgem respond to FSB’s concerns ahead of winter December 8, 2023 The FSB called on energy suppliers last month, signalling that changes must be made as small businesses battle high utility bills.
Ofgem’s energy price cap to increase by five per cent as rising costs drive up winter bills November 23, 2023 Ther chancellor's main proposal was £960m for a “green industries growth accelerator”, but falling short of the US's green deal.
Millions of Brits worried as energy bills set to rise by more than £100 from the new year November 16, 2023 As Ofgem launches a price cap review, a forecast has warned of new year energy price hikes.
Energy suppliers to cough up £10.8m after missing smart meter targets November 9, 2023 Some of the UK's biggest energy suppliers have agreed to cough up £10.8m in redress payments, after missing smart meter targets.