Page 29 - Ofgem News Today

Migration figures are at a record high, workers are set for two decades of falling pay and it's emerged the rich will gain the most from the tax changes announced by Jeremy Hunt

Energy regulator Ofgem has increased the maximum price suppliers can charge for a typical household’s annual gas and electricity use.

BusinessGreen rounds up the most widely read stories on the site this week

Chris O’Shea, Chief Executive of Centrica, says energy prices at double the level of four years ago will pile on top of existing cost of living pressures

Standing charges are the cost of having a home connected to gas and electricity but rises have caused public anger.

The regulator said it was the right time to look at standing charges again as wider cost of living pressures left customers continuing to struggle with bills.

Cornwall Insight has released its final forecast for the Ofgem energy price cap ahead of a key announcement next week - and analysts expect it to rise to £1,931 from January

The energy price cap will be increased to 28.94p per unit of electricity and 7.42p per unit of gas from the start of next year.

Ofgem announced today that it was to review the standing charge on energy bills and has asked billpayers, suppliers, charities and consumer groups for their views adding that it was the “right time” to look them

Households in the UK could see their energy bills increase by 5% from January 2024 when the energy markets regulator Ofgem is expected to raise the so-called energy price cap