The Latest Breaking News from Ofgem

Associated British Foods today said it had been boosted by better-than-expected trading at retail division Primark.

Supermarket latest to ration vegetable sales; Ofgem cuts maximum cost of electricity and gas units from April, but average bills set to rise anyway

It is believed Ofgem could drop its price cap on Monday, but that doesn't mean bills will get cheaper, according to one consultancy firm

Ofgem is expected to announce on Monday it will drop its cap on the amount energy suppliers are able to charge by around £1,000

Customers will pay about 20% more on their bills – approximately £500

Union warns that industrial action could hit power supply - although the company denies this risk

Regulator says suppliers should start removing meters and compensating families who have had one fitted against their will

Ministers to recruit new directors after regulator’s attempts to improve competition in energy market was hit by supplier failures

Wholesale gas prices – the price paid by the company that then sells it on to you – are at last starting to fall to levels below where they were before Russia invaded Ukraine in February 2022, though not back to levels before the global economy restarted after COVID lockdowns.