Ofgem consults on replacing price cap

Britain’s energy regulator today opened up its long-promised consultation on the future of the retail price cap for domestic billpayers. Ofgem defends the price cap...

Energy crisis leaves millions still in hardship, study finds

A new way to define and measure which households are most vulnerable to the energy price crisis has been published to help policy makers...

British Gas profits surge tenfold, Centrica reveals

Shareholders at Centrica, owners of British Gas, will benefit by £144 million in dividends, as the UK-focused subsidiary today revealed profits soaring to £751...

‘More Brits worry this winter about energy bills’, as EdF pours £103 million more...

Research conducted by energy supplier EdF concludes that Brits are even more anxious about paying energy gas bills this winter than last. Among 2,000 homes...

Charles booed by eco-protesters, as King’s Speech confirms bill to pump more fossil fuels

King Charles was reportedly booed by environmentalists as he and Camilla, the queen-consort left Parliament this morning after he delivered the King’s Speech. Confirmed in...

Cornwall: 15 more months of price cap pain

The Israel-Hamas conflict, strikes at an LNG conversion plant in Australia & disruptions to the Finnish Balticonnector are among causes set to keep predicted...

Coutinho debuts as Energy Secretary, while Shapps ascends to Defence

Debutant Cabinet member Claire Coutinho MP was this morning appointed Britain’s new Energy Secretary of State, as Grant Shapps was promoted to replace Ben...

Price cap drops to £1,923 from October: Bills still £200 higher than pre-Covid

Ofgem has confirmed its dual fuel retail price cap for average domestic bills will drop below £2,000 in 2023’s final quarter, even though large...

Ofgem cuts price cap from July, saves households average £426 per year

The retail price cap for domestic electricity & gas will be cut to £2,074 per year starting in July, regulator Ofgem confirmed this morning. The...

Cornwall predicts price cap of £2,053 from July, “no return this decade” to pre-Ukraine...

Energy economics analysts Cornwall Insight expect the household price cap operating from 2023’s third quarter will be the equivalent of £2,053 per year. Ofgem’s...

Shell earns £7.6 billion in 2023’s first quarter

Oil & gas supermajor Shell exceeded market hopes, posting record profits of £7.6 billion for the first three months of the year, it told...

Government energy supports “misses out on big firms’ needs”, nPower finds

Two-thirds of larger businesses believe the Energy Bills Discount Scheme, due to come in next month - won’t go far enough to support them,...

Chancellor abolishes price premium for 4m prepayment meters, retains EPG till July

Jeremy Hunt bowed to back-bench pressure today in his Spring Budget, extending until July the government’s Energy Price Guarantee for domestic consumers, at a...

Act faster, or miss 2035 power decarb target, CCC urges government

Britain stands little chance, under the government's current pace, of meeting its 2035 goal of stripping all carbon out of the nation’s electricity, say...

Local energy systems need radical system overhaul, says Ofgem

Ofgem is seeking consumers’ & suppliers’ views on next steps needed to embed a more decentralised, decarbonised and dynamic energy system for the UK. It...

Households “will shoulder burden” as Government saves £2.5 billion from EPG, says Cornwall

British homes will bear the increased cost of the Government’s upcoming raise in its Energy Price Guarantee, leading analyst firm Cornwall Insight has warned. Last...

January saw “highest level of energy support for vulnerable households”, say government stats

Support for vulnerable home energy users, including customers on prepayment meters (PPM), is reaching the right targets, the government claims. January alone saw 1.7 million...

“Millions could switch supplier” after July, as homeowners chase deals: Cornwall Insight

Analysts believe uncounted droves of British home power accounts stand ready to flit between suppliers this summer, as falling energy wholesale prices coupled with...

Goodbye D-BEIS, hello Department of Energy Security & Net Zero

Premier Rishi Sunak’s Whitehall re-shuffle today revived a ministry focussed exclusively on energy matters, its concerns split away from wider business policy. Replacing D-BEIS, the...

Citizens Advice: Millions left in dark, as 1 pre-payment meter is cut off every...

3.2 million clients on pre-payment meters saw their power supply terminated last year, equivalent to one disconnection every ten seconds, new research by Britain’s...