Ofgem

Energy Bills In The UK Is Set To Increase By Five Per Cent After Rise In Energy Price Cap

by

In a blow to consumers across Great Britain, energy bills are set to increase by five per cent following a rise in the energy price cap. The announcement, made by the regulator Ofgem, has sparked concerns among households already grappling with economic uncertainties and the ongoing challenges posed by the COVID-19 pandemic. The average annual … Read more

Ofgem Proposes Energy Price Cap Adjustment to Tackle £3 Billion Debt Crisis

by

In a bid to alleviate the energy industry’s staggering £3 billion debt accumulated from unpaid gas and electricity bills, the Office of Gas and Electricity Markets (Ofgem), the industry regulator, has unveiled plans to lift the energy price cap. This unprecedented move aims to assist suppliers in recovering from the financial fallout of the energy-driven … Read more