All news on the topic: Ofgem

Last week, the energy regulator announced that its price cap will drop by 12.3% from this April which means energy bills should fall for millions - however standing charges are set to rise

The Ofgem energy price cap is forecast to fall but bills are set to include a "temporary" charge to help tackle record levels of debt with many people behind on payments

Martin Lewis has given his breakdown on what the new lower Ofgem price cap means for you, including how much less you'll pay and a way to undercut it by roughly 3%

The Ofgem price cap limits what you pay for each unit of gas and electricity you use, as well as putting a cap on standing charges, which are fixed daily amount you have to pay for energy

The Ofgem price cap does not set an actual limit on what you could pay for energy - instead, it puts a cap on the unit price of gas and electricity, as well as standing charges

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

The typical energy bills are predicted to drop from £1,928 per year to £1,656 from April 1 for UK households including British Gas, OVO, EDF, E.On and Octopus customers

Lower energy bills will be good news for families that have faced increasing gas and electricity costs in recent years

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

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

Under current rules, energy firms must pay customers £30 compensation if the switch is not completed within 15 working days - but this is being cut to five days

Eighty-two-year-old gran Margaret Griffin has been a loyal customer of British Gas for over a sixty years but a mix-up over the phone left her out of pocket and too stressed to leave the house

We round up all the key financial announcements and deadlines coming up in February, including the final cost of living payment, the latest interest rate decision and an update for energy bills

Martyn James is a leading consumer rights expert and this week he delves into what you need to know if you're worried about being cut off from your gas and electric

The Ofgem price cap sets a limit on unit rates for gas and electricity, as well as standing charges, so your total bill still depends on how much energy you're using

If Cornwall Insight's price cap predictions are correct, then this will be the lowest it has been for two years. The reduction also means that a typical household will see their bills drop by more than £300 a year from spring

British Gas, which has 7.5 million customers, has benefited from industry watchdog Ofgem allowing it to claw back money through energy higher bills

The forecast comes despite concerns that tensions in the Red Sea would lead to a spike in energy bills

Citizens Advice says many of those battling with the cost will have to disconnect regularly during the coldest months of the year

According to fresh predictions from consultancy firm Cornwall Insight, annual energy bills could fall by 16% from the current £1,928 to £1,620 in April 2024 - this would be the lowest point in a little over two years

Octopus Energy, Ecotricity and E (Gas & Electricity) achieved the highest customer scores in the annual Which? survey

Fuel Poverty Action campaigner Jonathan says soaring electricity costs will force millions into fuel poverty this winter - and fears it could result in widespread illness and deaths

In an update today, Ofgem said EDF, Octopus and Scottish Power have now met its set of conditions and will be allowed to restart "involuntary" prepayment meter installations

As families struggle to pay their bills, particularly over the Christmas period, Matthew and his 250 colleagues at Money Wellness are now hearing from a staggering 1,000 people a day

New phone owners are being urged to check one vital detail as January inflation figures hike bills