Crisis: Without market redesign, expensive gas could ‘continue beyond 2030’, Cornwall predicts
Respected energy analysts Cornwall Insight today found themselves at odds with Britain’s embroiled prime minister, as they revealed research predicting that volatile gas prices...
BREAKING: Ofgem to announce new Price Cap tomorrow, Thursday 3 February at 11:00am
Ofgem this morning confirmed it will release tomorrow at 11:00am its new calculation of the default Price Cap on retail tariffs for domestic energy.
Industry...
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...
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...
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,...
“Horrific” October price surge will threaten mental health, Martin Lewis’s charity tells suppliers
Money-saving expert Martin Lewis' charity linking depression and debt today urges energy retailers to step up support for vulnerable customers during Britain’s long energy...
Fuel poverty becoming “a national health emergency”, NEA chief warns energy campaigners
Britain’s shame as table-topper of Europe’s worst insulated homes is already causing a health emergency of mental health stress and respiratory diseases, London campaigners...
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...
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...
“A disaster, selling consumers down the river”; money-saver Lewis lambasts Price Cap tweak
Ofgem this morning confirmed its much flagged intention to move from half-yearly to three-monthly reviews of domestic energy tariffs, in a revamp of the...
Crisis: Price cap “hits £2,800 in October”, says Brearley, as Sunak mulls stretching windfall...
Domestic retail tariffs capped under Ofgem’s tweaked regime look set to rocket to £2,800 per year only five months from now, the regulator’s boss...
Regulator clamps down on crashed suppliers’ direct debits & swollen credit balances
Ofgem today introduced tougher financial requirements on home energy suppliers, designed to stave off a repeat of last year’s collapse of 28 firms licenced...
Twelve suppliers run direct debits on ‘weak or inadequate’ rules, regulator finds
Ofgem has found failings in how major licenced energy suppliers charge customers via their direct debits. It has ordered five of the worst -...
MPs eviscerate Ofgem’s failed oversight of 29 supplier collapses
Britain’s energy market regulator was for years asleep at the wheel as it allowed under-capitalised new suppliers unsustainably to break the Big Six’s dominance...
“Devastating” Cornwall view: Price cap “to stay above £3,000 until at least 2024”
Two continuing years of unprecedented consumer misery from fuel bills are predicted in latest research from analysts Cornwall Insight.
The respected energy economists this morning...
Quarterly price caps from Ofgem open door to more frequent tariff changes
The retail price cap supposedly limiting bills for an estimated 24 million domestic customers will be revised quarterly, and no longer every six months,...
Price cap torture “set to worsen”: Cornwall ups forecasts for Q1 next year to...
The excruciating pain already showing itself in Britain’s homes from now quarterly rises in Ofgem’s price cap on home energy, is set to increase,...
Crisis: Scrapping green levies “saves only £13 a month” says REA, as government consults...
Removing the ‘green levies’ element in gas and electric bills will save average home consumers no more than £153 per year, the Renewable Energy...
Ofgem director Farnish quits over price cap calculation
Beleaguered energy regulator Ofgem faced further pressure this morning, with news that Christine Farnish, a non-executive director sitting on its supervisory board GEMA, has...