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The Latest Breaking News from Ofgem

Warm weather hit sees Octopus slump to annual loss

Britain’s biggest energy supplier reported a £260.1 million pre-tax loss for the year to April 30 against profits of £77.6 million the previous year.

Evening Standard

Ofgem approves early investment in three UK electricity ‘superhighways’

Green light intended to limit amount consumers pay for windfarms to turn off during periods of high generation

The Guardian - UK

Home movers in Great Britain could get just £30 of energy use without account

Ofgem proposes cutting debt by giving new residents with no supply deal limited credit before they are cut off

The Guardian - UK

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We must find out why businesses pay too much for their energy – and soon

A previous investigation in 2016 found that a lack of competition in the supply of energy to SMEs meant their bills were 18% too high.

Evening Standard

Reeves’ £150 cut in energy bills will be nuked by Sizewell costs, ex-Labour donor claims

Dale Vince’s claims over the impact of paying for Sizewell C on energy bills is one of a number of hidden costs which could see consumers pay higher bills - instead of £150 less

The Independent UK

Households face higher energy bills as £28bn grid upgrade gets go-ahead

Plan to improve gas networks and rewire electricity systems across Great Britain likely to add £30 to average annual bill

The Guardian - UK

Household energy bills to rise after watchdog approves £28bn investment

Ofgem has increased the allowed investment spend from the initial £24 billion that was provisionally given the go ahead in the summer.

Evening Standard

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Energy bills to go up by £108 a year to pay for 'more resilient' gas and electricity networks

Gas bills will have to go up by an average of £48, while electricity bills will rise by £60 a year on average.

Evening Standard

Budget uncertainty triggers plunge in UK construction activity; Trustpilot shares slump after short-seller claims – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

UK energy bills to rise by £108 to pay for infrastructure upgrades

Britain’s energy watchdog gives go-ahead to initial £28bn of investment to upgrade UK energy infrastructure but reveals move will push up network charges

The Independent UK

From star jumps to job cuts: how Ovo Energy fell from grace

One-time wunderkind of UK energy market faces battle for new investment – but it continues to pay out millions to its founder’s company

The Guardian - UK

Price cap: Why energy bills are going up when wholesale prices are down

Experts say the price cap increase adds to pressure on the Government

The Independent UK

Why are energy bills going up when wholesale prices are down?

Here, the PA news agency looks at why the price cap is rising and what government measures experts think could be on the way.

Evening Standard

Martin Lewis warns Ofgem energy price cap rise is higher for these households

Martin Lewis has revealed why the 0.2 per cent energy price cap rise is a "red herring", suggesting that the true figure is actually much higher.

The Independent UK

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Evening Standard

Household energy bills to edge up next year despite falling wholesale prices

Funding nuclear power projects and discounts to some households’ winter bills were driving the price cap change, the regulator said.

Ideal Home

Energy bills set to slightly increase in January, Ofgem announce – everything you need to know about the latest price cap

You can expect to see a small increase on your bill

The Independent UK

Energy bills for millions to rise in January after surprise price cap increase

The unexpected increase comes after experts at Cornwall Insight said they expected prices to fall by 1 per cent

The Independent UK

Household energy bills to rise by 0.2% from January

The regulator said energy bills would rise by about 28p a month for the average household in England, Scotland and Wales.

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The Guardian - UK

Households in Great Britain face surprise rise in energy bills from January

Energy price cap for average dual fuel bill will increase to £1,758 a year, from £1,755 in the current quarter

Evening Standard

Households set to learn of slight energy bill drop from January

Experts at Cornwall Insight have said they expect Ofgem’s price cap to drop by 1% because of lower wholesale energy prices.

Evening Standard

UK inflation falls to four-month low after energy price hikes ease

The rate of Consumer Prices Index (CPI) inflation fell to 3.6% in October, from 3.8% in September, the Office for National Statistics said.

Evening Standard

Households expected to see energy bills drop by £22 from January

Cornwall Insight has predicted Ofgem’s price cap will dip 1%.

The Independent UK

Energy bills set to drop from January as UK braces for winter cold front

The £22-a-year saving will bring the average household bill down to £1,733

The Guardian - UK

SSE is a winner in the great grid upgrade. Who is looking out for consumers and small businesses?

Nobody doubts chunky spending is necessary to improve the grid. But how much of that money will be funded through consumer bills?

Evening Standard

Tomato Energy collapses in move impacting nearly 24,000 customers

Regulator Ofgem said customers’ energy supply and funds paid into accounts will be secured under the supplier of last resort safety net.

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