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...
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...
Green generator ‘lawyers up’, goes gunning for Hunt’s ‘smash & grab’ EGL
Energy ministry D-BEIS and Chancellor Jeremy Hunt face a legal threat this morning from a £2 billion investor and builder of 1.5GWp of wind...
Business energy bills: Treasury pledges £5.5 billion of support for twelve months beyond March
The government this evening unveiled new levels of public support for businesses’ energy bills beyond March 30, when the first six-month phase of current...
One in four small businesses “will suffer”, says FSB, as Govt cuts energy bill...
Representatives of British business reacted with emotions ranging from despair to resignation today, in response to the government's reduction in protection from rocketing energy...
“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...
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...
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...
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...
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...
Net Zero transition “cheaper in long run” than gas dependency, OBR advises Chancellor
Pressing ahead to reach Net Zero by 2050 will most likely cost Britain less than remaining dependent on gas for power generation and energy...
Ofgem’s reform broom: “sharp practice” curbs on business supply, capital thresholds for home retailers
Britain’s energy regulator today introduced its widest-ever raft of reforms in heat and power supply, aiming to lift standards of customer service, curbing sharp...
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...
Mark McAllister confirmed as new Ofgem chair
Britain's top nuclear scrutineer Mark McAllister was today confirmed as the incoming chair of energy regulator Ofgem, following endorsement by Parliament’s energy select committee.
Currently...
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...
Ofgem lifts price cap 5% to £1,928, blames wholesale market instability
Britain’s energy regulator confirmed market expectations this morning by increasing the dual fuel price cap with effect from January to £1,928 per year for...
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...
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...
Ofgem sets out 5 year masterplan to green & decarb UK power
Power markets regulator Ofgem today publishes its latest five-year strategy for Britain’s electricity system. ‘Protect, Build, Change, Deliver’ are its watchwords for speeding delivery...