Page 21 - Ofgem News Today

Ofgem has given the energy companies permission to return to forcibly fitting prepayment meters after they were temporarily banned following a scandal around the practice

Reduction to be announced on Friday is expected to take payments to two-year low

If you're struggling to afford your gas and electricity bills, what options are available?

The British money saving expert discussed the tips in tonights episode of The Martin Lewis Money Show Live on ITV.

Closely-watched forecasts by Cornwall Insights show typical costs should drop to £1,635 a year, from the current level of £1,928.

According to consultancy firm Cornwall Insight, annual energy bills could fall by 15% from the current rate of £1,928 to £1,635 in April 2024 - with a further drop predicted for summer

Profits at British Gas have surged tenfold after the industry watchdog relaxed restrictions on how much money energy companies could make from their bills.

The company managed to recover losses of £500m it made during the height of the energy crisis.

With a moustache like a sinister Victorian ring-master and a beard to make ZZ Top proud, it’s hard to know what to make of Centrica boss Chris O’Shea, except to say don’t mock – mid-life crises can happen to us all.

The failure of 29 energy suppliers between July 2021 and November 2022 are thought to have cost energy users around £2.7 billion