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The Latest Breaking News from Ofgem

FTSE 100 Live 23 May: Sterling higher after retail surprise, energy bills fall

Household energy bills will fall by 7% from July after the latest energy price cap was revealed by Ofgem today.

Evening Standard

Household energy bills to fall by 7% from July, Ofgem says

The typical bill will drop by £129 to £1,720 per year, the regulator said.

Evening Standard

Household energy bills to fall by about £130 per year as energy price cap drops to £1,720

The typical bill will fall by around £129 to £1,720 per year from July

Evening Standard

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Ofgem confirms energy bills are set to fall by £129 under latest price cap

It comes after US president Donald Trump's aggressive tariff plans led to a significant slump in gas and oil prices

The Independent UK

Typical energy bill in Great Britain to fall 7% to £1,720 a year from July

Regulator Ofgem cuts price cap on gas and electricity charges after slump in gas market prices across Europe

The Guardian - UK

Trump announces Nippon Steel and US Steel partnership – as it happened

After $14.9bn merger was blocked by Biden, Trump announced on social media Friday that the two companies will form a ‘partnership’

The Guardian - UK

Ofgem to confirm latest energy price cap for household bills

The typical bill is expected to fall by £129, experts at Cornwall Insight have predicted.

Evening Standard

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Almost 400k households in arrears as energy debt rises in Scotland

NEARLY 400,000 Scots are experiencing energy debt, according to new figures by Consumer Scotland.

The National (Scotland)

British Gas giving out half-price electricity over spring bank holiday

Between 11am and 4pm on the 25th and 26th May some customers will receive half-price electricity

The Independent UK

Ofgem set to confirm latest energy price cap for household bills

The typical bill is expected to fall by £129 – or 7% – to £1,720 per year from July 1, according to experts at Cornwall Insight.

The Independent UK

Almost 400,000 households in arrears as energy debt increases, research shows

The Consumer Scotland Energy Tracker found 15% said they are in energy debt or arrears.

Evening Standard

Ofgem urged to draw up ‘crisis plan’ for July 1 RTS energy meter switch off

Energy UK, which represents the sector, said 392,000 households still had the meters as of mid April.

The Independent UK

Inflation rises to 3.5% after ‘perfect storm’ of price increases

Fuel and clothing fell in price – but not enough to compensate for rises in bills elsewhere

The Independent UK

Inflation soars to highest for more than a year on ‘awful April’ bill increases

The Office for National Statistics said Consumer Prices Index inflation hit 3.5% in April, up from 2.6% in March.

Evening Standard

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The Guardian - UK

Energy bills in Great Britain could fall this summer but ‘crisis not over’

Ofgem price cap on gas and electricity likely to drop by £129 to £1,720 a year, says consultancy Cornwall Insight

Evening Standard

Energy price cap set to fall by 7%, according to forecasts

The typical household energy bill is expected to fall by £129 to £1,720 per year when regulator Ofgem’s new price cap comes into force.

The Independent UK

Energy bills set to fall for millions of households within months

Bills are set to fall due to fluctuations in global gas and oil prices

Evening Standard

Household energy bills set to fall by 7% in July

Analysts Cornwall Insight say further drops are likely in October and January

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The Guardian - UK

Energy bill defaults hit record high, says ONS

Figures show households struggling, with 2.7% of direct debits for gas and electricity failing due to lack of funds

The Independent UK

Energy firms paying out £25 million a year to customers for ‘breaking rules’

The funds come from energy firms paying out for issues like billing errors or poor customer service

The Independent UK

Energy firms paid out £152 million to vulnerable customers over past six years

Fuel vouchers and advice on how to save energy have been funded by £150 million in payments and fines paid by firms, Ofgem said.

The Guardian - UK

Energy bills: EDF offers fixed deal £300 cheaper than price cap

Supplier says deal is its cheapest fixed tariff since 2021 amid ongoing volatility in the gas and electricity market

The National (Scotland)

Energy suppliers pay out millions after overcharging customers

TEN energy suppliers have paid out around £7 million in compensation and refunds after an error led to some customers being overcharged, the energy…

The Guardian - UK

Ten UK energy firms to pay £7m in compensation after overcharging error

Ofgem review showed more than 34,000 customers were erroneously billed more for standing charges

Evening Standard

Energy suppliers pay out £7m after overcharging 34,000 customers

Ofgem said the error affected more than 20,000 customers at the UK’s largest supplier Octopus Energy.

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