The Latest Breaking News from Jonathan Brearley

The Government has announced no plans for support this winter along the lines of the £400 offered to help all households last winter.

Ofgem’s energy price cap does not set an upper limit on actual bills, and households will pay more or less depending on how much energy they use

The lower cap is still more than 50% higher than pre-crisis levels, while the financial support of last winter has not been repeated

Ofgem said homes with young children were also part of expanded and mandatory code of practice

The British energy regulator Ofgem has announced the energy price cap for the last quarter of 2023, including early winter. Gas and electricity should be slightly cheaper than last year, but they are still too expensive.

Energy bills will fall in October from £2,074 to £1,923 a year for the typical household, Ofgem has announced.

The price cap is not fit for purpose – how would subsidies reach the poorest and how will we pay for them?

MILLIONS of households are expected to pay more for their energy this winter than they did a year earlier, even though Ofgem reduced the price cap…

Live, rolling coverage of business, economics and financial markets as regulator cuts average annual ebergy bill to £1,923

A lower price cap will still mean unaffordable bills for many. Yet a fairer alternative has been quietly dropped

Bills likely to rise again from January and consumer groups say energy costs remain ‘dangerously high’