price cap

National Grid ESO to reintroduce the demand flexibility service this winter. Image: Getty Images.
February 3, 2022

Energy price cap raised by 54% as Treasury unveils suite of bill protections

​As predicted, regulator Ofgem has raised the default tariff price cap by 54% hitting £1,971.
Image: Getty.
February 2, 2022

Energy crisis a problem for the wider economy, Energy UK warns as it calls for further action

​With a day until the next energy price cap is revealed, trade body Energy UK is calling for the government to take action.
"Wholesale gas
February 2, 2022

Ofgem to announce new price cap on 3 February

​Ofgem will announce the highly anticipated new level of the price cap on 3 February at 11am.
In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.
January 4, 2022

Power prices key concern as industry eyes upcoming price cap period

Current± takes a look at the biggest stories and talking points from the Christmas period, with power prices continuing to dominate the discussion.
Octopus Energy, Good Energy and E.On pay £8 million due to missed payments to customers. Image: Getty.
December 21, 2021

Price cap could jump 46% as consumers take on cost of supplier exits

​The price cap could jump 46% for summer 2022, hitting approximately £1,865 as wholesale power prices remain high.
Half-hourly settlement periods are the gold standard for energy metering and data. Image: Getty.
December 15, 2021

Ofgem unveils stress test for suppliers after cascade of collapses

​From January, energy suppliers will need to undergo financial stress testing to prove their resilience in light of the cascade of supplier collapses in recent months.
Image: Getty.
December 6, 2021

Balancing Mechanism costs soar to £967m between September-November

​The top ten most expensive days in the Balancing Mechanism (BM) ever have occurred in the last three months, as costs soar to £967 million.
Octopus Energy, Good Energy and E.On pay £8 million due to missed payments to customers. Image: Getty.
November 22, 2021

Ofgem opens consultation into price cap as high power prices continue to squeeze suppliers

​Ofgem is to consult on the energy price cap, as suppliers continue to falter amidst record high power prices.
Octopus Energy, Good Energy and E.On pay £8 million due to missed payments to customers. Image: Getty.
October 29, 2021

Ofgem to consult on price cap methodology amid ‘challenging times’ for the market

​Given the rising wholesale energy prices, Ofgem is to consult on the price cap methodology.
Image: Pure Planet.
October 14, 2021

Pure Planet points to challenges created by the price cap as it and Colorado Energy fail

​Pure Planet and Colorado Energy have become the latest suppliers to shutter in the UK market.

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