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The regulator blamed a rise in wholesale costs for the cap increase, with Ofgem estimating that around £74 of the £117 increase in the default tariff cap is due to higher wholesale energy costs.
6 years ago
7 years ago
Over the past couple of weeks, a variety of suitors have been identified in the
Around 300 customers 'slipped through Ofgem's safety net' according to industry sources.
Energy minister Claire Perry has insisted the UK will be reliant on gas for the foreseeable future, and defended the often-villainised process of fracking to produce that gas.
Bath-based Pure Planet has announced it is reducing membership fees to £151 below the default tariff cap.
Ofgem is expected to announce a “significant” increase in its standard variable price cap on Thursday (7 February).
The Scottish government has confirmed its commitment to setting up a public-owned energy company despite last week’s collapse of Our Power.
Big six supplier Npower has introduced a tracker tariff which keeps below the price cap by 6 per cent.
Ofgem has confirmed it will issue a strategic review of the micro business retail market in the coming year.
The often heavily whiskered Victorians whose portraits line the walls of the Institute of Mechanical
Labour has been pressed to transfer water into mutual ownership as the route to reversing
Scotland could reduce its net greenhouse gas emissions to net zero by 2045 and has the potential to play a "pivotal role" in wider UK decarbonisation efforts, according to a new report from the WWF.