Failed energy suppliers ‘could leave £172m bill for households’ Citizens Advice says energy firms should make regular payments of industry costs to prevent big debts being passed onto customers Households could face a potential total bill of £172m from energy suppliers that have collapsed since the start of last year, according to calculations from Citizens…
EDF Energy second supplier to raise prices after new Ofgem cap Around 1.3m customers will see prices increase by £118 a year on average EDF Energy has become the second supplier to announce a 10% increase in prices after Ofgem raised the price cap level. The £118 price rise will affect around 1.3 million customers…
Energy supplier E.On has become the first major company to announce price rises in response to a new cap set by the regulator for the start of April. On Thursday, Ofgem said it would allow suppliers to charge more to those on default tariffs owing to a rise in wholesale costs. Now E.On has confirmed…
Energy suppliers to face tighter rules, says Ofgem Energy regulator Ofgem is to tighten up the rules for new suppliers of gas and electricity after nine new entrants ceased trading. The latest to collapse was Economy Energy, which ceased trading on Tuesday. Ofgem is looking for a new supplier for its 235,000 customers. Mary Starks,…
One Select latest small energy supplier to cease trading Ofgem said it will choose a new supplier to take on firm’s 36,000 customers “as quickly as possible” One Select has become the latest small energy supplier to cease trading this year amid continued turmoil in the sector. The firm has about 36,000 customers and regulator…
British Gas owner sparks legal battle over energy price cap The owner of British Gas will on Friday spark a legal battle with Ofgem over Britain’s impending energy price cap by trying to force it to change the way it calculates wholesale energy costs. Sky News can reveal that Centrica will lodge an application for…
Energy price cap designed to protect 11 million households to come into force from January 1 Britain’s energy price cap to protect 11 million households on rip-off gas and electricity tariffs will come into force on January 1, saving consumers up to £120 each. But regulator Ofgem revealed the cap is already likely to be increased next April due…
Households with solar panels risk being overcharged by smart meters Households with solar panels risk being overcharged on their energy bills if they have a smart meter fitted, it can be revealed. Some have seen their energy bills more than treble after smart meters have been installed. This is because, while the two devices are capable of…