The UK’s energy regulator Ogfem has announced new steps to safeguard consumers who pay their bills via direct debit in order to “ensure credit balances do not become excessive.” The additional financial measures will also guarantee that suppliers can survive future shocks, adding that providers would be able to “weather the persistent storm” of business […]
Ofgem Announces New Measures to Protect Customers Read More »
Energy suppliers have been hit hard by the energy crisis and many of them have not been able to sustain their business, while others are barely still running. Energy experts believe that the UK might be left with only 10 providers if the crisis continues and the market is not stabilised. Additionally, the energy watchdog
Energy supplies struggling to survive in the crisis have to pay back £17.9 million Read More »
After increasing wholesale costs caused consumers’ bills to climb by hundreds of pounds, Ofgem has announced two additional measures to help stabilise the energy market. To combat the loyalty penalty, all suppliers will have to offer existing customers the same deals as new customers starting in mid-April. The main reason for this is to ensure
Ofgem offers new measures to tackle rising energy prices Read More »
Following the announcement made by Ofgem, Millions of households will see their energy bills rise by nearly £700 a year to an average of £1,971 after the price cap was increased by 54%. What is the price cap? The price cap is put in place by energy regulator Ofgem as a way to protect consumers
Who will be hit hardest by the rise in Energy price cap? Read More »