Finance News – Ofgem
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Heathrow fire cost airport tens of millions of pounds, says CEO
The recent incident at Heathrow resulted in substantial financial impacts, with the chief executive indicating significant losses and potential legal action pending regulatory revi...
Read Full Article →Zonal pricing is dead. Now Miliband should be less absolutist on his 2030 goals | Nils Pratley
The abandonment of differentiated regional electricity pricing requires policymakers to reassess cost-effective strategies that balance network access fees and renewable energy inc...
Read Full Article →Octopus Energy to pay £1.5m over prepayment meter billing error
Octopus Energy will distribute £1.5 million in repayments and compensation due to delays in delivering final bills to customers, as highlighted by the energy regulator Ofgem.
Read Full Article →Great Britain’s energy networks to get £24bn upgrade but bills to rise
The authorized multi-billion-pound improvements to the electricity and gas infrastructure are expected to enhance energy capacity, although consumers will likely experience higher...
Read Full Article →Ofgem gives green light to landmark electric grid upgrade
The approval of a £24 billion investment by the UK regulator marks a major financial commitment to modernize energy infrastructure, supporting the country’s shift toward sustainabl...
Read Full Article →Still waiting for my replacement meter from EDF – even the CEO couldn’t help | Letter
Delays in replacing outdated electricity meters could impact billing accuracy and energy management, prompting regulatory bodies to encourage consumers to persistently seek support...
Read Full Article →Bank of England rate-setter plays down inflation fears; three UK gas firms fined £8m for callout fai...
The Bank of England's cautious stance on inflation supports potential interest rate reductions, while significant fines on UK gas companies highlight regulatory risks impacting bus...
Read Full Article →Three gas firms fined £8m by Ofgem for being too slow to attend leaks
Ofgem imposed an £8 million penalty on three UK gas providers due to delayed responses to gas leak emergencies, highlighting possible public safety concerns and regulatory enforcem...
Read Full Article →Typical energy bill in Great Britain to fall 7% to £1,720 a year from July
Starting in July, the average British household can expect to spend approximately £129 less annually on combined gas and electricity charges due to new regulatory adjustments refle...
Read Full Article →Annual energy bills in Great Britain forecast to fall by £129 in July
A recent forecast indicates that typical dual-fuel households in Great Britain may see their yearly expenses on gas and electricity decrease by approximately £129 starting in July,...
Read Full Article →Energy price cap: What next for gas and electricity bills and can I fix?
Regulator Ofgem’s updated limitations are projected to lower gas and electricity expenses starting in July, offering consumers the possibility to secure fixed rates for future stab...
Read Full Article →Energy bills: EDF offers fixed deal £300 cheaper than price cap
EDF’s new 12-month energy plan offers substantial savings compared to regulatory limits, providing consumers with an affordable option amid continued fluctuations in gas and electr...
Read Full Article →Ten UK energy firms to pay £7m in compensation after overcharging error
Following an investigation by the energy regulator, multiple UK electricity providers will distribute £7 million in refunds to over 34,000 customers due to incorrect billing of fix...
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