Suppliers’ finances stress-tested from January, as Ofgem reacts to 2021’s slaughter
Energy retailers surviving this year’s cull of 26 suppliers to date must from January prove their financial strength to Ofgem's scrutineers, under today’s toughening...
Kwarteng to ‘refresh’ Energy Retail Market Strategy
Hard on the heels of Ofgem’s financial stress tests taking effect next month on UK retailers, the government has said it will review its...
Cornwall un-sunny on price cap: “Expect 46% rise for next summer, & winter 2022...
Analysts at respected consultants Cornwall Insight are forecasting the default price cap for home energy tariffs covering summer 2022 will shoot up to approximately...
Gas crisis: Energy companies float CfD variant as solution
Energy suppliers are asking the government to launch a variant on contracts for difference (CfDs) as a way of spreading the rocketing costs of...
Crisis latest: Windfall tax on oil majors, say Labour: Keep Net Zero measures & tax carbon,...
The ‘temporary’ energy price crisis of suspected No.10 party-attender and beleaguered premier Johnson has ground on into its fourth month, with an appeal from...
Crisis: Gas hike set to outlast “temporary” Johnson, as Centrica and Ovo moot green respite
Britain’s head of government, confessed attender at a No 10 lockdown party and late apologist for insulting the conscientious, suffered further humiliation today, as...
Citizens’ Advice: Single grant needed this April, to stave off bills taking “generationally high”...
This spring's expected near-50% hike in the retail energy price cap will put £700 per year more on default tariffs, hitting Britain’s poorest hardest,...
Crisis latest: Kwarteng stands by price cap, downplays government relief on bills before March
Energy secretary Kwasi Kwarteng today re-stated his commitment to a continuation of the default price cap, urging energy customers and retailers to bide their...
Crisis: Without market redesign, expensive gas could ‘continue beyond 2030’, Cornwall predicts
Respected energy analysts Cornwall Insight today found themselves at odds with Britain’s embroiled prime minister, as they revealed research predicting that volatile gas prices...
BREAKING: Ofgem to announce new Price Cap tomorrow, Thursday 3 February at 11:00am
Ofgem this morning confirmed it will release tomorrow at 11:00am its new calculation of the default Price Cap on retail tariffs for domestic energy.
Industry...
Sunak reacts to Ofgem’s “once in 30-year event”, as cap on energy bills rockets...
The new default price cap on home energy bills will rise 54% in April to £ 1,971, regulator Ofgem announced this morning. The...
CRISIS: Every quarter given: Ofgem doubles frequency of price cap review
Ofgem today committed itself to three-monthly reviews of the default retail price cap, doubling their half-yearly frequency. The move will take effect after the...
Sunak plans California holiday, as energy hikes lead ‘unprecedented’ cost of living crisis
Under-fire millionaire Chancellor Rishi Sunak was today reportedly contemplating an Easter break in California with his billionaire wife, on the morning that 54% energy...
“Horrific” October price surge will threaten mental health, Martin Lewis’s charity tells suppliers
Money-saving expert Martin Lewis' charity linking depression and debt today urges energy retailers to step up support for vulnerable customers during Britain’s long energy...
Fuel poverty becoming “a national health emergency”, NEA chief warns energy campaigners
Britain’s shame as table-topper of Europe’s worst insulated homes is already causing a health emergency of mental health stress and respiratory diseases, London campaigners...
Grand gesture needed: SP boss seeks Johnson action to solve “truly horrific” crisis
Government intervention to cut £1,000 off Britain’s soon-to-rocket home fuel bills is needed, the CEO of Scottish Power urged today.
Keith Anderson toured broadcast studios...
Paying the Bill: Energy figures react to Queen’s Speech
Reaction among energy players and commentators continued today to the Queen’s Speech proposals for energy, including on the sector’s contribution to Britain’s ever-tightening cost...
“A disaster, selling consumers down the river”; money-saver Lewis lambasts Price Cap tweak
Ofgem this morning confirmed its much flagged intention to move from half-yearly to three-monthly reviews of domestic energy tariffs, in a revamp of the...
Crisis: Price cap “hits £2,800 in October”, says Brearley, as Sunak mulls stretching windfall...
Domestic retail tariffs capped under Ofgem’s tweaked regime look set to rocket to £2,800 per year only five months from now, the regulator’s boss...
Regulator clamps down on crashed suppliers’ direct debits & swollen credit balances
Ofgem today introduced tougher financial requirements on home energy suppliers, designed to stave off a repeat of last year’s collapse of 28 firms licenced...