Page 19 - Ofgem News Today

The cost - which is likely to have been added to consumer bills - has been highlighted by the Renewable Energy Foundation and is now under investigation by industry regulator Ofgem.

As if electricity pricing were not complicated enough, the regulator Ofgem has proposed varying the cap depending on the time of day. Since the system was introduced, prices have been capped per unit on a universal basis covering some 29 million households on standard tariffs. It is estimated that the annual energy bill for a household using a “typical” amount of energy will fall to £1,690 from April – the lowest for two years. Even so, bills remain 49 per cent higher t...

Centrica chief’s pay nearly doubles following ‘substantial share price growth’

The highly controversial move could give firms the freedom to hike tariffs at peak periods.

The Office of Gas and Electricity Markets (Ofgem), the UK’s energy market regulator, has opened an investigation into an unnamed company for alleged abuse of dominant position

The drop by 12.3 per cent brings the cap for average use down from £1,928 to £1,690 from April 1.

An estimated five million energy customers are struggling with their bills, with debts and arrears hitting a record level of £3.1bn according to industry regulator Ofgem.

The cap on gas and electricity charges will fall from April, the energy regulator confirmed on Friday, cutting most household bills.

Domestic gas and electricity bills could fall sharply in April but many are still struggling to pay.

The Ofgem price cap does not set an actual limit on what you could pay for energy - instead, it puts a cap on the unit price of gas and electricity, as well as standing charges