Energy supplier Ovo has agreed to pay a £2.4 million penalty for mishandling customer complaints, according to regulator Ofgem.
UK Energy Executives to Meet Minister to Discuss Support for Vulnerable Households
Leaders from British Gas owner Centrica, EDF, Octopus Energy, and other energy firms will meet with government minister Miatta Fahnbulleh today to discuss strategies for supporting vulnerable households this winter.
Energy bills are set to increase by an average of £149 per year starting in October.
Energy prices in the UK are anticipated to rise by 9% starting in October as the country heads into the colder winter months. Ofgem is expected to announce the new
Gas & electricity prices to rise ahead of winter, with the average annual cost increasing to £1,714 starting in October.
Energy bills are expected to increase by nearly £150 later this year, adding further strain on millions of pensioners who are set to lose their winter fuel payments.
Ofgem has approved a £3.4 billion electricity “superhighway” linking Scotland and England.
£3.4bn Electricity ‘Superhighway’ Between Scotland and England Approved
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.
UK Energy prices will likely fall even further in July
Analysts at Cornwall Insight anticipate a further decline in energy prices in July, following a significant reduction starting April 1.
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