Tag: energy price

March 25, 2024

Ofgem has launched a review into the future of the energy price cap in a bid to ensure it continues to protect consumers in the net zero age. The energy regulator said the move towards renewable energy sources, use of […]

December 15, 2023

Ofgem said on Friday it was consulting on proposals for a one-off cap adjustment of £16 – equivalent to around £1.33 a month – to be paid between April 2024 and March 2025. Those on pre-payment meters would not be […]

May 19, 2023

Ahead of the industry regulator’s determination on the price cap level due next week, energy research specialist Cornwall Insight said it saw the cap for a typical household at the equivalent of £2,053 per year from July-September. That was down […]

March 3, 2023

Sky News understands the chancellor will cancel a reduction in support that would have seen typical annual bills rise from £2,500 to £3,000. In recent days, the government has asked energy suppliers to prepare for both scenarios, fuelling a widespread […]

February 27, 2023

Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis is reduced. The energy regulator today announced […]

February 14, 2023

The energy regulator, Ofgem, will announce its energy price cap for April to June later this month, 27 February. Although your household bills are currently determined by the government’s Energy Price Guarantee (EPG), Ofgem continues to set a quarterly price […]

February 2, 2023

The London-listed company also posted record fourth-quarter earnings of $9.8bn (£7.9bn). The profits – which were even higher than the $38.17bn (£30.8bn) analysts had expected – came thanks to bumper gas prices as Russia’s invasion of Ukraine led countries to […]

January 12, 2023

Shares surged to levels not seen since May 2019 following the company’s update. Centrica credited its electricity generation and gas production activities for the upgrade – as opposed to profitability at its household supply arm. The company said it now […]

October 20, 2022

Across the U.S., families are looking to the winter with dread as energy costs soar and fuel supplies tighten. The Department of Energy is projecting sharp price increases for home heating compared with last winter and some worry whether heating […]

October 17, 2022

New U.K. Chancellor Jeremy Hunt said Monday he is reversing nearly all the government’s proposed tax cuts and will pare back an energy price cap as he moves to undo Prime Minister Liz Truss’s debt-fuelled growth plan in an effort […]

October 5, 2022

Cornwall Insight, which became a prominent voice in predicting levels for the energy price cap before it was replaced by the government’s energy price guarantee (EPG) this month, said its findings showed a near doubling of the forecasts between the […]

September 20, 2022

Last Thursday the new prime minister Liz Truss, who had previously dismissed “handouts” as a way of tackling the cost of living crisis, announced a taxpayer-funded “Energy Price Guarantee” that amounts to a two-year direct grant to all households, regardless […]

September 16, 2022

Can a ‘Neutral’ SNB Provide Sterling with a Reprieve? The latest comments from the Swiss National Bank (SNB) appear to be rather balanced ahead of Thursday’s rate setting meeting. SNB Governing Board member Andrea Maechler commented earlier this month that […]