Ofgem, the British energy regulator, stated that its price cap for household energy bills would increase by 21% to £4,279 ($5,172) per year from January 2023 to March 2023.
Ofgem sued for 80% increase to the energy price cap
One pressure group stated it will sue Ofgem for its 80% price-cap increase, which it claims will ‘devastate families’ in winter.
It may be more difficult to keep the lights on across Europe during winter than governments admit.
Every week, people involved in electricity trading in the UK have the opportunity to interview the managers of the national grid.
UK Energy bills to soar for millions as price cap hiked to £3,549
The rise in wholesale gas prices, fueled by Russia’s invasion of Ukraine, has pushed the price up, putting pressure on consumers already hardpressed.
UK Inflation to almost double to 18.6pc, economists Citigroup warn
Citigroup warns that Inflation could almost double to 18.6pc over the next few months, as energy prices rise.
UK Energy Bills Look Set To Soar towards £3,600 As Price Cap Sets to Rise
The UK’s household energy bills will rise by around 80% in October as the regulator lifts the limit on the amount suppliers can charge due to rising wholesale costs.
Ofgem director Christine Farnish quits regulator over energy price cap
Ofgem’s director has accused Ofgem of causing harm to households by allowing a large increase in the price limit. She then quit her job.
UK Households Receive £280 Million Bill after Energy Suppliers Collapse
UK’s largest electricity distribution company said that a £280 million hit from energy companies going under will be passed on to customers.
British-made lateral flow test are banned in the UK, despite being approved for use in Europe
It has been claimed that the Government relies on Chinese suppliers to supply lateral flow testing equipment because many British manufacturers have not been cleared for use in the UK.
Inflation in the UK reaches a 10-year high, which bolsters rate hike bets
As household energy bills rise, British inflation has risen to a 10-year high. This bolsters expectations that the Bank of England will increase interest rates in December. It did so
A third of the UK’s remaining energy suppliers face imminent collapse
According to Price Bailey, an accountant, fourteen electricity and gas suppliers have been deemed maximum risks’ by their credit scores.