Forecast Shows Businesses Will Pay £208 Per Day in Standing Charges by 2030.
Ovo is set to pay £2.4 million for not properly handling customer complaints.
Energy supplier Ovo has agreed to pay a £2.4 million penalty for mishandling customer complaints, according to regulator Ofgem.
UK wage growth is expected to boost the state pension by £517.
Analysts have said that wage growth is expected to determine the increase in the state pension, potentially giving pensioners a £517 boost next year.
UK Energy bills to drop to their lowest in two years.
Gas and electricity bills are anticipated to drop to their lowest levels in over two years following the easing of the energy crisis sparked by Vladimir Putin’s invasion of Ukraine.
Gas prices return to levels seen before the energy crisis.
Wholesale gas prices have returned to levels not seen since before the onset of supply constraints by Vladimir Putin, indicating a shift in Europe’s energy crisis situation.
UK Energy bills to fall by £238 a year
From April, average household energy bills are set to decrease by £238 annually, following new limits set by regulators on energy suppliers.
UK Energy Costs Expected to Decrease Significantly in Ofgem’s Recent Cap Announcement
Energy tariffs are anticipated to decrease by up to 15% starting in April due to a reduction in wholesale prices.
Ofgem proposes increasing domestic energy charges to safeguard supplier interests
Ofgem plans to raise household energy bills to support suppliers in the wake of consumer debts reaching an unprecedented £3bn.
Energy Costs for Households to Increase Following Ofgem’s Decision to Raise Price Cap
Ofgem, the UK’s energy regulator, has declared an increase in the energy price cap, leading to an average annual rise of £94 in household energy bills. The cap will be
Over a million households could face a £720 increase in energy bills due to ‘leaky home’ charges.
Over a million individuals residing in older residences are expected to experience a £720 increase in heating costs this winter, according to a recent report from a think tank.
UK Household energy bills to fall by £150 a year
Household energy costs are set to decrease by approximately £151 annually as the economic impact of Vladimir Putin’s incursion into Ukraine continues to diminish.
The UK authority plans to clamp down on power producers reaping ‘unreasonable profits’.
The UK energy watchdog, Ofgem, has criticized power station owners for exploiting the system to generate excessive profits and outlined measures to curb this behaviour.