Ofgem is set to announce the energy price cap for July to September, with predictions suggesting a 13% rise in household energy bills, partly attributed to the impact of the Iran war.

UK households have paid an additional £3,400 for bills over the past five years, largely attributed to the impact of war on energy prices, with Ofgem set to announce the new price cap for July-September on May 27.

Ofgem's price cap has dropped, reducing average household energy bills by £117, but fears of a July hike suggest this relief may be short-lived.

Elon Musk's Tesla has received a license from Ofgem to supply electricity to homes and businesses across Great Britain, expanding its energy ambitions beyond EVs.

SSE Says SSEN Transmission Accepts Ofgem’s RIIO-T3 Final Determination  TradingView

Latest predictions suggest Ofgem will reduce the energy price cap by £117 to £1,641 a year for a typical dual fuel household from April 1, leading to lower energy bills for UK households.

MoneySuperMarket has seen a significant increase in energy switching activity, driven by more energy providers joining its platform following Ofgem’s price cap announcements.

Ofgem is set to announce its latest energy price cap, with households in the UK expecting a hike in energy bills starting from July, partly attributed to the impact of the Iran war.

Cornwall Insight said its prediction for Ofgem’s cap from July to September now stands at £1,850 for a typical dual fuel household, a 13% increase.

The UK energy regulator, Ofgem, is set to acquire new powers that will enable it to block or ban bonuses for energy firm executives. These reforms aim to penalize bosses who fail to adhere to regulations.

The UK's energy regulator, Ofgem, has granted Tesla a license to supply electricity to homes and businesses across Great Britain.

The head of Ofgem is stepping down from his role at the end of the month, the energy watchdog has announced.

Typical household energy bills in the UK are set to decrease by 7% starting in April, following an announcement by regulator Ofgem and government changes to charges.

Ofgem says about 140 proposed projects, driven by AI use, could require more power than current peak demand

UK households are set to see an average £150 reduction in their energy bills from April, following changes to the Ofgem price cap.

Britain's energy regulator, Ofgem, has suggested that fewer households should be exempt from energy bills, as customers now owe a record £4.5 billion to their power suppliers, a 71 percent increase from 2023.

British Gas has agreed to pay billions and write off customer debt for vulnerable individuals following an investigation by the UK energy regulator Ofgem into an energy and gas meter scandal.

UK household energy bills are projected to increase by a lower-than-initially-feared 12% in July, with Cornwall Insight predicting Ofgem's cap for a typical dual fuel household to be £1,837 from July to September.

Energy price rises are coming, despite Ofgem’s best efforts

Ofgem says about 140 proposed projects, driven by AI use, could require more power than current peak demand The amount of power being sought by new datacentre projects in the UK would exceed the country’s current peak electricity consumption, according to an industry watchdog. Ofgem said about 140 proposed datacentre schemes, driven by use of artificial intelligence, could require 50 gigawatts of electricity – 5GW more than the country’s current peak demand. Continue reading...