from energy suppliers who forced—fitted the metres into their homes. claire coutinho says she has spoken to the regulator to sort compensation payouts "as soon as possible". but energy suppliers only believe about 2,500 people require compensation. well, you may remember there was huge criticism after it emerged that some vulnerable customers were wrongly having pre—payment metres, forcibly installed in their homes and off the back of that ofgem asked all energy firms to review their cases over a period of about 13 months to see whether the these procedures had been followed correctly and where they haven't, that they could offer those customers some financial redress. now ofgem say that so far around 150,000 cases have been reviewed and of those 1,500, as you say, customers have received compensation and totalling just over £340,000 between them. now, when asked about that number of payouts by laura kuenssberg this morning, the energy secretary said, as you say, was completely
This month Ofgem has introduced a new fee in its price cap which allows energy companies to recoup energy debts from customers who have fallen behind - and only certain energy customers will pay it
The new Ofgem price cap comes into force today (April 1) and will sit at £1,690 for the typical household - this is down from the January price cap of £1,928
Bring back the Central Electricity Generating Board (CEGB), all is forgiven. No really. This is a lament born not out of nostalgia for some imagined, flawless past that never really existed, but of genuine concern for the increasingly dysfunctional, opaque and ever less secure nature of today’s UK energy markets.
The Ofgem energy price cap is falling from £1,928 a year to £1,690 on April 1, so if you haven't done a meter reading in a while, now is the time to take action
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 than pre-2021 levels.