Tag #Ofgem

Showing 1 to 12 of 25 results

euronews.com
🌐 75% Global Worthiness
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UK Energy Prices to Rise 2% in October

The UK energy regulator Ofgem announced a 2% rise in energy prices, increasing average monthly bills by £2.93 (€3.40) from October 2024 for 24 million households on default tariffs, reaching an annual cost of £1,755 (€2,035), while 37% of customers on fixed tariffs remain unaffected, although the in...

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24% Bias Score

Affordable and Clean Energy
theguardian.com
🌐 85% Global Worthiness
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UK Energy Companies to Pay £18.6 Million for Improper Prepayment Meter Installations

Eight UK energy companies will pay over £18.6 million in compensation to more than 40,000 customers for improperly installing prepayment meters in their homes, following an Ofgem investigation that found widespread violations of regulations, particularly impacting vulnerable households.

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44% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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£70 Million in Payouts Ordered for Forced Energy Meter Fittings

Ofgem is ordering £70 million in payouts to tens of thousands of UK energy customers after an investigation into the forced fitting of prepayment meters by eight energy suppliers between January 2022 and January 2023, with individual payouts reaching £1,000.

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40% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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UK Energy Price Cap Cut by 7%

Ofgem reduced Britain's energy price cap by 7% to £1,720 annually, saving average households £129, effective July, due to a European gas price slump; however, bills remain £600 higher than before the Ukraine invasion, highlighting ongoing affordability challenges.

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36% Bias Score

Affordable and Clean Energy
theguardian.com
🌐 85% Global Worthiness
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Record High Energy Bill Defaults in UK Amidst Cost of Living Crisis

A record 2.7% of British households failed to pay their energy bills via direct debit in April 2024 due to insufficient funds, three times higher than before the energy crisis, highlighting the ongoing financial strain on households and the need for government intervention.

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32% Bias Score

No Poverty
theguardian.com
🌐 75% Global Worthiness
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UK to Redistribute Energy Network Costs Based on Income

The UK's energy regulator, Ofgem, is considering a plan to make wealthier households pay more for upgrading energy networks, reducing costs for low-income households by adjusting the standing charge on energy bills based on income.

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44% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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UK Energy Bills to Rise Slightly Despite Government Support

Ofgem's price cap announcement on October will slightly increase energy prices by approximately 1% annually for 21 million households in England, Scotland, and Wales, resulting in an average annual bill of £1737, despite government support measures.

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44% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
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£70 Million UK Energy Compensation Ordered for Forcibly Installed Meters

Eight UK energy firms will pay over £70 million in compensation to approximately 40,000 customers after Ofgem found they had prepayment meters forcibly installed, often without consent, highlighting failures in supporting struggling customers during the cost of living crisis.

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56% Bias Score

Reduced Inequality
news.sky.com
🌐 75% Global Worthiness
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UK Energy Price Cap to Fall 7% from July

The UK energy price cap will fall 7% from July, reducing the average household bill by £129 to £1,720, reflecting lower natural gas wholesale prices since March; this provides context to the political debate over the Winter Fuel Allowance.

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44% Bias Score

Affordable and Clean Energy
bbc.com
🌐 75% Global Worthiness
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UK Energy Bills Set to Fall by Over £100 Annually

Ofgem is to announce a drop in UK energy prices from July, which analysts predict will cut average annual household bills by over £100, although this follows a £4bn rise in consumer debt to energy suppliers and does not eliminate financial hardship for many households.

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36% Bias Score

Affordable and Clean Energy
theguardian.com
🌐 75% Global Worthiness
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UK Energy Suppliers to Pay £7 Million for Overcharging Customers

Ten UK energy suppliers will pay £7 million in compensation and refunds to over 34,000 customers for overcharging them on standing charges between January 2019 and September 2024 due to errors in billing customers with multiple electricity meters, exceeding Ofgem's price cap.

Progress

36% Bias Score

Affordable and Clean Energy
dailymail.co.uk
🌐 75% Global Worthiness
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Rebel Energy Collapses, Leaving 90,000 Customers Without a Supplier

UK energy supplier Rebel Energy has collapsed, leaving 80,000 domestic and 10,000 business customers without a supplier; Ofgem will appoint a new supplier to ensure continued service, protect credit balances, and maintain the price cap for domestic customers.

Progress

40% Bias Score

Affordable and Clean Energy

Showing 1 to 12 of 25 results