Page 25 - Ofgem News Today

Maersk, one of the worlds largest shipping companies, has said today it was suspending its vessels passage through a key Red Sea strait following an attack on one of its merchant ships.

The increase to the average household energy bill comes after Ofgem increased its price cap in response to rising wholesale prices.

EDF is offering the help through its "Fresh Start" initiative and said the average amount of customer debt that could be wiped is around £1,250

What to expect from utilities in 2024? We asked industry expert Gerry O'Hara of Nationwide Energy to give his perspective on what the coming year was likely to bring.

In April 2024, consultancy firm Cornwall Insight says annual energy bills could fall by 14% to £1,660 - this would be the lowest point in a little over two years

Household energy bills are expected to fall by £268 next year, analysts have forecast, cancelling out an initial rise expected early in 2024.

When it is very windy the grid cannot handle the extra power generated, says Carbon Tracker.

The proposed measure involves a one-time adjustment of £16, spread across the period from April 2024 to March 2025.

EXCLUSIVE: Terrified Brits including an NHS doctor said their holidays were ruined by the shock turn, with one revealing they were blocked from getting a remortgage on their home after bills surged.

Marco Forgione, director general of the Institute of Export and International Trade, said everything from tea, coffee and wine, to meat, tobacco, and sandwiches vanishing from UK shop shelves.