Energy ministers silent and absent, as Ofgem raises price cap to £3,549 from October
As widely predicted three months ago, regulator Ofgem today confirmed a 80% rise in the increasingly discredited retail price ‘cap’, with average annual household...
“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...
Suppliers’ finances stress-tested from January, as Ofgem reacts to 2021’s slaughter
Energy retailers surviving this year’s cull of 26 suppliers to date must from January prove their financial strength to Ofgem's scrutineers, under today’s toughening...
Grand gesture needed: SP boss seeks Johnson action to solve “truly horrific” crisis
Government intervention to cut £1,000 off Britain’s soon-to-rocket home fuel bills is needed, the CEO of Scottish Power urged today.
Keith Anderson toured broadcast studios...
Energy security bill delayed, minister confirms
Britain’s first energy security bill for nearly ten years is undergoing a Whitehall re-think, a government minister has gone on record to confirm.
Now in...
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...
Sunak reacts to Ofgem’s “once in 30-year event”, as cap on energy bills rockets...
The new default price cap on home energy bills will rise 54% in April to £ 1,971, regulator Ofgem announced this morning. The...
Climate scientists: Johnson administration talking big, under-delivering on carbon transition
Britain’s path to net zero is being imperilled by the Johnson’s government’s over-reliance on long-term targets, market mechanisms, unproven new technology’, and not enough...
Ofgem lifts price cap to £4,279; but government’s EPG shields customers
Energy regulator Ofgem this morning raised to £4,279 the annual price cap for power and gas retailed to households. The new cap comes into...
Kwarteng seeks to calm energy chiefs, as Price Cap’s architect calls for its overhaul
Beleaguered energy secretary Kwasi Kwarteng won the support of Britain’s power bosses today, reassuring them that vulnerable consumers would be continue to be protected,...
US to source 15 Bn cubic metres of LNG for EU this year, Biden...
Russian supplier Gazprom’s grip on European gas consumers weakened further this morning as US President Joe Biden confirmed to EU Commission head Ursula van...
Bills crisis: Truss starts split of power prices from gas costs, protects oil extractors,...
The first act of Liz Truss’ government opened this morning, with the prime minister announcing her much-trailed package to ease the crisis of rocketing...
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...
Where’s Rishi? Energy leaders seeks Chancellor’s help to stave off rocketing bills
A group representing Britain’s energy suppliers and generators today predicted bills next year will rise by between 45% and 50%, and called today for...
Paying the Bill: Energy figures react to Queen’s Speech
Reaction among energy players and commentators continued today to the Queen’s Speech proposals for energy, including on the sector’s contribution to Britain’s ever-tightening cost...
North Sea: Government’s 100 new licences to ‘drill, baby, drill’
Britain's oil and gas regulator this morning began delivering on the Truss administration’s enthusiasm for hydrocarbons, inviting interest towards its likely authorising of 100...
CRISIS: Every quarter given: Ofgem doubles frequency of price cap review
Ofgem today committed itself to three-monthly reviews of the default retail price cap, doubling their half-yearly frequency. The move will take effect after the...
“Worst customer service on record” from energy suppliers, Citizens Advice finds
Standards of customer service delivered by energy suppliers have fallen to the worst in the six years since Citizens Advice began assessing them, the...
Hunt ponders how to extend support for industries’ power bills beyond March
Chancellor Jeremy Hunt has reportedly asked Treasury officials to explore ways of prolonging into April & beyond the government’s protection of firms from their...
CRISIS LATEST: Colorado & Pure Planet latest to fail, as IEA spots oil following...
The continuing wholesale gas crisis has claimed its latest victims, with Ofgem today beginning its hunt to find a new provider for the quarter...