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The Latest Breaking News from Ofgem

Octopus Energy issue update to customers ahead of price cap hike

The energy price cap is expected to rise by 74 per cent this winter, on top of the 54 per cent households were hit with back in April 2022 - Octopus has since updated their terms and conditions.

Edinburgh Live

Ofgem energy price cap explained as regulator confirms bills to rise every three months

The energy regulators for Great Britain, Ofgem, have announced that the price cap will be reviewed four times a year rather than two in a bid to help customers pay "the real cost of their energy".

Glasgow Live

Energy bills to 'rise every three months' as part of shake-up, Ofgem says

The energy regulator for Great Britain has been reviewing the price cap on gas and electricity bills across the country - and they've brought news nobody wants to hear.

Glasgow Live

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Scotland 'cannot afford to stay in the Union' as worst recession since 2008 looms

Pro-independence politicians have hit out following an announcement that interest rates and inflation is set to rise

The National (Scotland)

'This winter will be a heck of a shock': The people struggling to survive the cost of living crisis

And it's only set to get harder. Some analysts are predicting average household energy bills of £3,300 in October and persistent high prices throughout next year

Wales Online

Ofgem confirms energy price cap to be reviewed every three months as inflation predicted to hit 13.3%

Energy bills are not expected to start coming down until then end of 2024 or early 2025.

Daily Record

Bank of England hikes rates as it predicts 13% inflation and long recession

Base rate raised by 0.5 percentage points to 1.75%, as Bank says inflation will hit 13% in October

The Guardian - UK

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What is the energy price cap and why is it increasing?

Ofgem is making some significant changes to how often the energy price cap is adjusted amid an increasingly erratic wholesale energy market

Manchester Evening News

British Gas, Shell, EDF, Scottish Power and more issue latest update on energy crisis

The energy giants have spoken out on what they are doing to ease the concerns of customers who can't pay their bills

Manchester Evening News

Ofgem confirms price cap change every three months - how your energy bills will be affected

The energy regulatory body currently update prices twice a year - in April and October respectively - but will now additionally review the price cap in January and July

Chronicle Live

Martin Lewis takes break from work as 'awful' winter ahead

Martin is taking a well-earned holiday to spend time with his family

Liverpool Echo

What the energy price cap is and why it's changing

Ofgem says reviewing it every three months will provide stability to the market

Wales Online

Another gas bill ‘hammer blow’ for families

Ofgem boss warns of ‘very difficult winter’ with households facing new hike on January 1

Evening Standard

Energy bill price cap to be updated FOUR times a year as Ofgem warns of ‘challenging winter’

The price cap could increase to £3,729 from April next year, according to the latest predictions

Manchester Evening News

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Nottingham Post

What is Don't Pay UK: Organisation attempts to get Brits to stop paying energy bills

Ofgem has confirmed that price caps are set to update every three months, rather than six

Liverpool Echo

Ofgem confirms huge price cap change affecting all energy bills

The change will help to provide more accurate pricing for customers

Daily Mirror

Ofgem confirms price cap WILL change every three months - what it means for your bills

Ofgem has confirmed it will update its energy price cap every three months, instead of every six - meaning millions of Brits will see an update to their energy bills four times a year, instead of two

Chronicle Live

DWP bans energy firms from taking more money out of benefits for gas and electricity

The Government has put a stop on companies increasing the amount that can be charged to families who receive benefits - and the rule is in place until April 2023

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Evening Standard

Energy price cap to update every 3 months as households face £3700 gas and electric bills

The energy price cap will update every three months, it was announced on Thursday, as household bills are expected to hit almost £4,000 next year.

The National (Scotland)

Ofgem confirms price cap to be updated quarterly ahead of 'challenging winter'

OFGEM has confirmed that the energy price cap is to be updated quarterly, rather than every six months, as it warned customers face a “very…

The Guardian - UK

Ofgem confirms energy price cap to be updated every three months

Change from biannual review comes as regulator warns customers face ‘very challenging winter ahead’

Wales Online

Ofgem makes huge energy announcement that could see bills soar more often

Bills look set to approach close to £4,000 at the start of next year

Daily Mirror

Energy bills to rise and fall more quickly as Ofgem confirms huge price cap change

Ofgem currently updates its price cap twice a year - in April and October - but it will now review the price cap four times a year instead - in January, April, July and October

Wales Online

Energy price cap: When it will be announced, how it’s set and how much bills are likely to rise

The new price cap for energy bills will be announced in a few weeks

Evening Standard

Don’t Pay UK: campaign group calls for boycott of energy bills this winter

“If the government and energy companies fail to act we will cancel our direct debits,” the campaign group says.

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