As we head towards a forecast £1 per KWh for electricity in April 2023, and will definitely be paying 52p per KWh for electricity and 15p per KWh for gasContinue readingOfgem has banned energy suppliers from backbilling for energy supplied over twelve months ago
Category: Ofgem
The energy price cap will increase to £3,549 a year from October
Ofgem have just announced that the energy price cap will rise to £3,549 in October. A further price rise in January is expected. So, from October, you can expect toContinue readingThe energy price cap will increase to £3,549 a year from October
Ofgem changes energy price cap changes to every three months (was every six months)
In April, energy prices rose by 54% under Ofgem’s energy price cap, over the next six months, increases in the wholesale price of gas led to a 77% increase inContinue readingOfgem changes energy price cap changes to every three months (was every six months)
OFGEM has proved incompetent as the regulatory authority of the UK’s retail energy market
Ofgem is incompetent, so says the Business, Energy and Industrial Strategy Committee in their latest report “Energy pricing and the future of the energy market”. Ofgem allowed suppliers to enterContinue readingOFGEM has proved incompetent as the regulatory authority of the UK’s retail energy market