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The Latest Breaking News from Ofgem

Octopus Energy waived profits to save customers £50 on bills

The energy supplier suffered an operating loss of £141 million

Manchester Evening News

Eight money changes to look out for in February - from a new Universal Credit rule to energy price cap

This list will help you keep on top of any changes that could affect your finances this month, including interest rate and Ofgem price cap announcements

Chronicle Live

All the major changes and DWP payments affecting your money in February

Many people's financial situations will likely be impacted by a series of changes throughout February

Manchester Evening News

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Ofgem considers subsidy to level energy costs for prepayment and direct debit customers

Regulator defends suppliers who have forced people on to meters

The Guardian - UK

Ofgem boss DEFENDS forcing people onto pre-payment meters as 'some choose not to pay'

Facing MPs today, Jonathan Brearley branded the controversial step 'reasonable' - but was met by disbelief, with Labour's Darren Jones responding: 'I'd assume most people who aren't paying their bills, it's because they can't afford it.'

Daily Mirror

Eight key money changes in February - Universal Credit, passports, interest rates and more

Here are some of the key dates and changes next month including from the DWP - and how they could affect you

Nottingham Post

Eight money changes coming in February including Universal Credit and passport shake-up

There are plenty of money changes coming up in February that could impact your wallet - from inflation and interest rate announcements to changes to Universal Credit

Daily Mirror

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The gas-fired plants tasked with keeping UK lights on – but at what cost?

The plants are meant to be a backstop, but their profits and exemption from windfall tax are controversial in an energy crisis

The Guardian - UK

Drax energy workers balloted over strike action

Dispute over pay could result in energy supply shocks for Scottish businesses

Insider UK

Over a quarter of Scots households on pre-payment smart meters left without power last year

More than 65,000 of the roughly 200,000 Scots households that use pre-payment smart meters were left without energy after running out of credit during the third quarter of 2022.

Daily Record

Energy company to give workers unlimited compassionate leave on full pay

Ovo is offering employees as much time off as they need for pregnancy loss and failed IVF treatment

Wales Online

Bristol energy company Ovo gives workers unlimited compassionate leave on full pay

The Redcliffe-based business is also offering employees as much time off as they need for pregnancy loss and failed IVF treatment

Bristol Post

Health conditions which mean you could claim gas and electricity bill support

People in vulnerable groups have been urged to seek support with their gas and electric supplies.

Chronicle Live

Energy price cap predicted to drop below £3,000 as early as April

Jonathan Brearley, the Chief Exec of Ofgem, gave an optimistic prediction that the cost of energy bills could fall in a few months for customers as wholesale costs of gas and electricity drop.

Daily Record

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Chronicle Live

Struggling households unable to pay energy bills could fork out less under new plans

Ofgem calls for the return of social tariffs for low-income households and powers to stop prepay meters being forcibly fitted

Daily Mirror

Special 'social tariff' to cut energy bills long-term for certain people being considered

Jonathan Brearley, chief executive of regulator Ofgem, said a fall in wholesale energy prices over recent months was expected to feed through to millions of households over time

Wales Online

Ofgem pledge to protect customers from energy firms' 'inappropriate' pre-payment meter practices

The watchdog's chief has warned they could take legal action against firms which do not take due care

Manchester Evening News

Ofgem vows to protect billpayers from 'inappropriate' pre-payment meter practices

The watchdog's chief executive said there is a right to to be "concerned" about the practice

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news in one place.

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Daily Mirror

Ofgem to investigate energy suppliers as more Brits forced on to prepayment meters

Ofgem has warned energy firms that it will take legal action if they are found to not be taking proper due care of vulnerable households

Leeds Live

National Grid energy scheme 2023 to pay people to turn off electric from today

Many households across the UK could today save money, by switching off between 5pm and 6pm

The Guardian - UK

Energy suppliers to be investigated over Britons forced on to prepayment meters

Ofgem could consider legal action if companies found not to be taking proper care of vulnerable households

Nottingham Post

National Grid to pay UK homes to cut their electricity tonight in emergency scheme

The live event offers the chance to cut bills

Manchester Evening News

Hundreds of thousands to be paid not to put electricity on this evening as National Grid deploys emergency scheme

You can save money by reducing power usage outside of peak hours

Daily Record

National Grid will pay Scots to sit in the dark today in bid to avoid blackouts

The scheme allows people who have signed up the chance to save money during certain times outside of peak hours if they use less electricity.

Daily Mirror

National Grid will pay you to sit in the dark AGAIN tonight - how to sign up

The scheme has been issued for today between the hours of 4.30pm and 6pm and around 26 energy firms are signed up including British Gas, EDF, Eon and Octopus Energy

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