Switching energy deal can save £200 as price cap falls, say experts

Households on a default dual-fuel tariff in Great Britain could cut costs by moving to a fixed deal

Experts have told households whose energy bills are pegged to the price cap not to “rest on their laurels” as they could save more than £200 a year on a fixed deal.

This week, Ofgem said the price cap in Great Britain would drop by 7% from April. This usually only matters if you are on a default tariff, but this time the reduction applies to everyone because the government is removing green charges from bills.

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‘It’s unsustainable’: homes in Great Britain brace for winter with soaring energy debts

As typical annual dual-fuel charge rises to £1,755, charities warn over record £4.4bn owed to suppliers

Three and a half years after war plunged Europe into an energy supply crisis, millions of households in Great Britain are braced for another winter of painful gas and electricity bills.

On Wednesday, the quarterly cap on charges will increase again. Despite a fall in wholesale gas prices, the ceiling for a typical annual dual-fuel bill will rise by 2% to £1,755 to help cover the costs of energy policies and network upgrades.

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Britons preparing to ration energy as Ofgem price cap rises, says charity

National Energy Action says 58% of households expect to cut heating use as typical annual dual-fuel bill increases to £1,755

The majority of British households expect to restrict their home heating this winter to try to keep rising costs in check, according to research released as the price cap that dictates most bills rose again.

The fuel poverty charity National Energy Action said 58% of households told its survey they were likely to trim their energy use, a nine-percentage-point increase from the level in January.

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Elon Musk’s Tesla applies to supply electricity to households in Great Britain

US carmaker makes move for licence that would allow it to provide energy to domestic and business premises

Elon Musk’s Tesla is gearing up to launch a household electricity supplier in Great Britain in the coming months.

The US electric car manufacturer run by the world’s richest man has formally applied to the energy regulator for Great Britain, Ofgem, for an electricity supply licence, according to a notice published on the watchdog’s website.

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Heathrow substation fire ‘caused by fault first identified seven years ago’

Ofgem opens investigation into National Grid as report finds incident that cut airport power was preventable

The root cause of the substation fire that shut Heathrow airport was a preventable technical fault that National Grid had been aware of seven years ago but failed to fix properly, investigators have concluded.

The final report by the National Energy System Operator (Neso) on the incident said the fire that cut power to the airport on 21 March, affecting more than 1,350 flights, almost 300,000 passengers and cutting power to 67,000 homes, was “most likely” sparked by moisture entering the insulation around wires.

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‘Wake-up call’: ministers launch urgent investigation into Heathrow shutdown

Government says lessons need to be learned after the substation fire that caused chaos for 300,000 passengers

The government has launched an urgent investigation into the power shutdown that crippled Heathrow airport, with experts warning it was a “wake-up call” about vulnerabilities in the nation’s critical infrastructure.

The energy secretary, Ed Miliband, has commissioned the independent National Energy System Operator (Neso) to investigate the incident and assess the UK’s energy resilience. The regulator Ofgem warned it would “not hesitate” to take action if there were any breaches of standards or licence obligations.

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Energy network owners have made £3.9bn from higher bills, says report

Citizens Advice believes Ofgem made flawed interest rate calculation for companies in Great Britain

The companies behind Great Britain’s gas pipes and power lines have pocketed a windfall of nearly £4bn from household bills during the energy and cost crisis, according to a report.

The analysis, by Citizens Advice, argued that energy network owners were able to make the “excess profits” over the past four years after the industry regulator misjudged their costs.

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Almost 40 firms banned from installing UK insulation amid botched jobs outcry

Schemes backed by previous government to improve energy efficiency have left homeowners unable to sell

Almost 40 building companies have been blocked by the government from installing insulation amid a growing outcry over the profusion of botched jobs across the UK.

Ministers also announced that any homes found to have received botched insulation would have the issues put right by the installer responsible at no extra cost to the homeowner.

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Millions of households in Great Britain face higher energy bills as price cap rises

Average annual bill in England, Scotland and Wales increases by 1.2% to £1,738 from New Year’s Day

Nine million homes will face higher energy bills from Wednesday as Britain braces for freezing temperatures and snow warnings for the new year period.

The average energy bill for households across England, Scotland and Wales will rise by 1.2% from New Year’s Day to £1,738 a year for a typical household after the energy regulator raised its cap on gas and electricity charges.

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E.ON must pay £14.5m to prepayment customers after billing failures

Ofgem says nearly 250,000 people will each receive average of £144 in compensation and refunds

The energy regulator has ordered power supplier E.ON Next to pay £14.5m in compensation to nearly 250,000 prepayment customers, after an investigation found “unacceptable” failures to pay credit they had on accounts or final bill payments they were owed.

Ofgem found that the customers were affected over an 18-month period from early 2021 to late last year by an error in E.ON Next’s billing system. About 100,000 of the affected accounts were also in credit.

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Subsea cables to help Britain meet green energy goal get green light

Ofgem gives green light to five interconnectors capable of powering millions of homes

Projects to lay five subsea power cables capable of powering millions of homes have been given the green light as Great Britain prepares to use its giant offshore windfarms to become a net exporter of green electricity in the 2030s.

The energy regulator, Ofgem, has approved three subsea cable projects linking Great Britain to power grids in Germany, Ireland and Northern Ireland to help share renewable electricity across borders.

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Support planned for UK households struggling with winter energy bills

Government discusses measures after criticism over cuts to winter fuel payments

Ministers have committed to help households struggling with their gas and electricity bills this winter after energy industry bosses warned that consumer debt had climbed to more than £3bn.

With Labour under fire for scrapping universal winter fuel payments to pensioners, ministers met energy industry bosses on Wednesday to discuss ways of supporting struggling households through the coming colder months.

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Average annual energy bill to rise by 9.5% to £1,717 in Great Britain from October

Campaigners fear increase by £149 in energy price cap by Ofgem will put more pressure on households

Households will begin the run-up to winter with a sharp increase in their energy bills after the industry regulator increased its cap on energy prices by 9.5% from October.

Under the new price cap, the average annual energy bill will rise to £1,717 a year for gas and electricity, up £149 from its current level of £1,568, which has been in place since July.

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Only 1,500 people compensated so far over prepayment meters, Ofgem says

Regulator says energy firms planning payments for another 1,000 customers after reviewing 150,000 forced installations

Only 1,500 people have been compensated by energy companies for the forced installation of prepayment meters over the past year, figures show.

The energy regulator, Ofgem, said that initial information from gas and electricity suppliers showed that 1,502 customers had received compensation totalling £342,450.

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British Gas launches fixed-rate energy deal offering 12% saving on price cap

Price Promise tariff gives discount on current cap and guarantees to be at least £1 per fuel under April one

British Gas has launched a fixed-rate gas and electricity deal that offers a 12% saving over most existing price-capped tariffs, adding a new choice to the hard-to-navigate home energy market.

For the past two winters, consumers have largely been spared having to seek out the cheapest deal, because, in almost all cases, it was their supplier’s price cap-protected standard tariff.

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Call to end ‘cruel’ winter rises as energy bills go up by £100 a year

Campaign groups call on regulator to abolish January bill increase, saying households are facing an ‘assault from all sides’

Midwinter energy price increases should be abolished to protect households from unaffordable bills “at the worst possible time”, according to a coalition of leading charities.

Charities and campaign groups have called on Ofgem, the energy regulator, to scrap future January bill increases as it prepares to raise the cap on energy prices by 5% from Monday.

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Energy bills in Great Britain to rise by 5% from January as cap hits £1,928

Ofgem increases minimum price for energy suppliers to charge customers after rise in global gas prices

Households will begin the new year with a 5% increase in energy bills after the regulator raised the price cap to an average of £1,928 a year for the typical gas and electricity bill.

Ofgem raised the maximum price that energy suppliers can charge their customers from £1,834 a year for the typical household between October to December, after a rise in global gas market prices after the start of the Israel-Hamas war last month.

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Ofgem plans to cut wind and solar delays by stripping out ‘zombie’ projects

Regulator aims to reduce backlog as some wind and solar schemes wait up to 15 years to get hooked up

The energy regulator is to introduce rules designed to kick out “zombie” wind and solar farms from the lengthy queue to connect to Great Britain’s electricity grid.

Ofgem hopes to speed up the process of hooking up new energy projects to the electricity network in the face of a backlog that is deterring investment and Britain’s attempts to switch to clean energy.

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A social tariff could bring a warm glow to UK energy policy

A lower price cap will still mean unaffordable bills for many. Yet a fairer alternative has been quietly dropped

Nearly a decade ago, former Labour leader Ed Miliband sowed the seeds of the energy price cap, vowing to protect households from unfair tariffs by freezing their energy bills. But even though a cap has been in place since 2018, bills today can be far from affordable, even when they are fair.

On Friday, industry regulator Ofgem will set its new limit on how much suppliers can charge per unit of gas and electricity. Analysts at Cornwall Insight expect it to lower the energy price cap from £2,074 a year for the typical household to £1,823, which would be its lowest level since Russia’s invasion of Ukraine.

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Ofgem to clamp down on rogue energy brokers ‘ripping off’ care homes and faith groups

Exclusive: Move follows outcry from small firms, charities and others about hidden commission fees

Rogue energy brokers are to be brought to heel by the industry regulator in a crackdown seeking to stop small firms being ripped off by their strongarm tactics and hefty fees.

Under proposed rules to be put forward by Ofgem on Wednesday, energy suppliers would be forced to come clean on the billions in secret broker commissions they load on to business contracts.

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