Ofgem

Ministers are urged to address energy costs as Great British households face a 13% increase in energy bills starting 1 July, with the annual cost rising to £1,862. Consumer energy debt has reached record highs amid the surge.

Ovo Energy has agreed to pay over £10m after Ofgem found inadequate monitoring of vulnerable customers with prepayment meters (PPMs) exposed them to a 'clear risk of harm'. The regulator identified breaches of its rules designed to protect customers in vulnerable situations.

UK household energy bills are reaching a two-year high due to the ongoing conflict in the Middle East, according to the head of the UK’s energy regulator. The situation highlights the global impact of regional instability on energy markets.

UK household energy bills will increase by 13% starting July, reaching a two-year high of £1,862 annually due to Ofgem's price cap adjustment.

The UK energy regulator Ofgem reports that British customers now owe £4.5bn in energy bills, a 71% increase from 2023, and urges fewer exemptions from bill payments.

Households in Great Britain may see their energy bills increase by over £200 a year to almost £1,900 from July, according to Cornwall Insight's analysis. This rise is due to an increase in the price cap of nearly 13% as gas costs are pushed up by the Iran war. A typical gas and electricity bill is now forecast to reach £1,850 a year.

The UK energy price cap is expected to surge by 13% in its biggest gain since 2023. This increase will significantly impact households and businesses. The exact timing and details of the price cap change are not specified.

British Gas customers will receive up to £112m in compensation and debt write-offs due to a scandal involving forced prepayment meter installations. The energy regulator found that British Gas had force-fitted meters in homes of vulnerable customers during the Russian gas crisis. Thousands of customers will benefit from the redress, which includes a £20m penalty and £70m of debt write-offs.

British Gas has been fined £20m by the regulator for its handling of prepayment meters. The fine is a result of an investigation into the company's practices. British Gas will have to pay the fine following the regulator's probe.