Page 26 - Ofgem News Today

The regulator says suppliers should deal with mistakes quickly after the artist tells of £39,000 bill.

Attacks by militants on vessels in the Red Sea could cause oil prices to surge and filter through to higher prices for consumers in Britain, experts warned today.

The Ofgem price cap is rising from £1,834 a year to £1,928 on January 1, for a typical dual fuel household paying by direct debit - so this means you should take a meter reading before this date

The energy regulator Ofgem is facing criticism for raising its household price cap next year, allowing fuel suppliers to charge more to cover the debt of customers who have fallen behind

Ofgem has proposed a one-off rise of £16 between April 2024 and March 2025, the equivalent to around £1.33 a month, so energy firms can recover nearly £3billion in debts

Energy in Britain is almost, by stealth, becoming another branch of the welfare state. Ofgem has this week set out plans that would result in households being charged an extra £16 on top of their energy bills to help suppliers recover almost £3 billion in bad debts from customers who cannot meet their payments.

Ofgem is now instructing energy companies to contact vulnerable customers if they miss two monthly or one quarterly payment payments

Buried in the news this week has been the launch of a consultation by the energy regulator Ofgem on future (2026-31) price controls for the gas and electricity grids. These are the pipes and wires in the ground, the pylons, substations, and smart balancing services required to deliver security of supply, such that when you flick a switch or tweak a thermostat, you receive instant power or heat.

The money saving expert, 51, from Manchester, discussed the topic of energy bills during the last episode of his live show series on ITV yesterday evening.

From January 1, Ofgem's new energy price cap comes into effect with the cap rising from the current £1,834 per year for a typical household to £1,928