price cap

Brearley discussed the rising costs of energy bills and their implications
October 8, 2021

Ofgem acknowledges need to ‘regulate the market differently’ following gas price crisis

​Ofgem needs to go further in its efforts to create a resilient energy market, CEO Jonathan Brearley stated this week.
The Vulnerability Commitment’s signatories include Octopus Energy
October 7, 2021

Cornwall Insight warns energy supply market 'on edge' for further consolidation, predicts £1,660 price cap

New modelling from Cornwall Insight has forecast that the Summer 2022 default tariff price cap could now reach around £1,660.
Image: EDF.
August 18, 2021

EDF increases tariffs by 12% following price cap jump

​EDF has become the first supplier to raise its energy prices, following Ofgem announcing an increase in the price cap at the beginning of this month.
Image: Getty.
August 6, 2021

Price cap to jump by £139 as energy costs increase 50% in six months

​Ofgem has confirmed that the default price cap will rise again in October, as energy prices hit record highs amid the world emerging from lockdown.
The Vulnerability Commitment’s signatories include Octopus Energy
May 18, 2021

Ofgem consults on COVID-19 cost adjustments for next price cap period

With debt related costs back to pre-pandemic levels, Ofgem is considering not adding an additional float to price cap period seven.
Centrica's profit hit £3.308 billion due to gas and nuclear. Image: Centrica.
February 13, 2020

Centrica woes continue as it confirms £849m loss for 2019

Centrica slumped to a £849 million loss in 2019, a performance it blamed on Ofgem’s energy price cap for creating a “challenging environment”.
Net zero transformation could add £240bn to UK economy . Image: Getty.
August 1, 2019

Ofgem awards clean power trio permanent price cap derogation

Clean power suppliers Good Energy, Ecotricity and Green Energy UK have been awarded permanent derogations from Ofgem’s price cap by the regulator.
UKPN partner with EPEX SPOT to host flexibility marketplace. Image Getty.
January 31, 2019

Npower to lose 900 jobs in major cost reduction programme

Innogy-owned UK energy supplier npower has announced it will lose as many as 900 jobs over the coming year as part of a major cost reduction programme.
Statkraft purchases two Shetland wind farms. Image: Getty.
January 7, 2019

Green energy suppliers granted temporary price cap derogations

A trio of green energy firms have been granted temporary derogations from the energy price cap, allowing them to charge above the determined limit on standard variable tariffs (SVTs).
The new rules will help remove "phantom projects" from the TEC register. Image: Getty.
June 25, 2018

Energy price cap economist nominated for Ofgem chair

​The economist behind the upcoming energy price cap has been selected by the government to chair Ofgem and take on the ‘seismic change’ underway in the UK energy sector.

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