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The Latest Breaking News from Ofgem

No 10 implicitly rebukes Bank of England chief over wage restraint call, amid unions anger – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Why are gas and electricity prices rising so much?

The rises we've seen so far are small compared to what's coming in April

Wales Online

Cost of living budget calculator - how much your bills will rise as prices skyrocket

Millions of households will experience eye-watering hikes in their energy bills from April 1 as the price cap is set to increase. The move will affect some 22 million households

Chronicle Live

From analysis to the latest developments in health,
read the most diverse news in one place.

Martin Lewis explains what households should do after £700 energy bill hike confirmed

The advice from Martin Lewis comes after Ofgem confirmed those on default tariffs will see an increase of £693 from £1,277 to £1,971 from April 1 - up a staggering 54%

Daily Mirror

Cost of living budget calculator - how much your bills will rise by as prices skyrocket

Millions of households will experience eye-watering hikes in their energy bills from April 1 as the price cap is set to increase. The move will affect some 22 million households

Daily Mirror

Ofgem rule hidden in small print means energy prices could keep rising quickly

The energy regulator has confirmed today that the new price cap will increase to £1,917 from April 1 2022. It's a 54 per cent increase, meaning an average of £693 a year will be added to energy bills

Daily Mirror

Government and Ofgem have sleepwalked into this energy crisis

Ministers are putting huge faith in wholesale prices falling and then stabilising; the background fear is another surge

The Guardian - UK

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Energy bills: what help is Sunak offering on the cost of living crisis?

The chancellor has announced a package of measures after Ofgem raised the price cap by 54%

The Guardian - UK

The Leader podcast: Londoners hit by cost of living double whammy

The day that millions of households have been dreading has arrived, Ofgem has confirmed there will be a £693 rise to the energy price cap, taking the new threshold to £1,971, meaning an increase of 54 per cent.

Evening Standard

Gas prices: If I'm on a fixed energy deal - will my bill go up?

As Ofgem raises the energy price cap, we'll answer who'll be affected

Wales Online

Cost Of Living Crunch Day

Today was, in the words of Resolution Foundation’s Torsten Bell, “Cost of living crunch day.” We had Ofgem’s announcement of the energy price cap rise. Expect to come across phrases such as ‘unprecedented’, ‘eye-watering’ and parents across the land beseeching their children to close the front door.

Evening Standard

Martin Lewis condemns 'catastrophic' energy price rise as 'worse than expected'

He can't see how many will be able to afford the price hike

Nottingham Post

How the UK energy price cap is calculated – and how it affects your bill

Suppliers’ costs are soaring, which means the price consumers pay for gas and electricity will rise, too

The Guardian - UK

What is the energy price cap, how much is it rising and why is it in the news now?

The rate was originally introduced to protect those on the highest tariffs paying over the odds but it's become what most families pay

Chronicle Live

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Manchester Evening News

Martin Lewis slams 'catastrophic' announcement that will affect every adult in the UK

ITV's Money Saving Expert has warned over 22 million households will be affected

Daily Record

Martin Lewis issues energy advice to every customer thinking about switching supplier following Ofgem's price hike

The financial guru will be interviewing Chancellor Rishi Sunak over the cost of living crisis on his TV show on Thursday.

Birmingham Post

Ofgem confirms that millions face near £700 rise in energy bills – and interest rates also rising

Huge rise in wholesale prices leads regulator to hike energy price cap by 54 per cent to a record £1,971 for a typical home

The Independent UK

Cost of living crisis heightened as energy costs and inflation soar

Energy bills are set to spike by more than half for 22 million households, while inflation will hit its highest in 30 years, it war revealed Thursday

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news in one place.

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The Independent UK

Plans to help householders cope with energy costs ‘woefully inadequate’

National Energy Action said the increase to Ofgem’s energy price cap meant the cost of heating an average home will have doubled in 18 months.

Birmingham Post

THG, Boohoo and B&M: Shares in consumer giants hit as cost of living hikes confirmed

The energy price cap and interest rates are set to rise

Manchester Evening News

Simple ways every household can cut their energy bills by more than £700 per year

Ofgem has lifted the energy price cap by 54 per cent - but it is possible to drastically reduce your monthly bills

The Independent UK

Huge hikes in energy bills a ‘hammer blow’ for households, say advice groups

Ofgem announced on Thursday that the cap on household energy bills will soar by £693 per year from the beginning of April.

Daily Record

Thousands of Lanarkshire residents facing huge hike in energy bills

Regulator Ofgem announced a 54 per cent rise in the energy price cap.

Daily Mirror

Ofgem price cap explained as Liz Truss to 'freeze' bills at £2,500

The Ofgem energy price cap is due to hit £3,549 this October, an 80% increase - but today Liz Truss is expected to announce Government plans to freeze the cap at its current level

The Independent UK

What is the energy price cap and what does it mean for you?

Rising global gas prices inspiring dramatic increase in household bills in 2022

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