Ofgem: Energy watchdog to consult over AI’s risk to industry collusion April 4, 2024 Ofgem said it "appears to have sufficient powers to address important risks arising from the use of AI when detected."
UK’s largest electricity transmission project to get £3.4bn in funding, Ofgem says March 27, 2024 A mega project to build an electricity "superhighway" cable link between Scotland and Yorkshire is to receive £3.4bn.
Ofgem price cap: The time of day your household uses energy could impact future bills March 25, 2024 A "more dynamic" price cap could be introduced by Ofgem based on the time of day households use their energy, it has been revealed.
Ofgem fast-tracks Scotland to England ‘electricity superhighway’ with extra funding March 20, 2024 The energy watchdog said that the project's funding timeline could be cut by as much as two years
Ofgem drops retail energy price cap to lowest level in two years in boost for households February 23, 2024 Despite welcoming the price cap drop, Ofgem's head has said there are still "big issues" to be tackled
Brits to get ‘much-needed respite’ with energy price cap to drop by 15 per cent February 16, 2024 It said the cap will keep going down until July, which is also due to the seasonal change, causing less Brits to use oil and gas for heating especially.
Ofgem tells energy suppliers to cut switching times to five days or face a fine February 6, 2024 The move brings the required transition period down by 10 days
Ofgem to investigate claims of wind farms overcharging billpayers millions February 2, 2024 Energy regulator Ofgem is investigating the claims that wind farms may have incorrectly added close to £51m to taxpayer bills since 2018.
Energy bills to rise further to help suppliers pay off bad debts December 15, 2023 Ofgem said it is proposing a one-off price cap adjustment of £16, equivalent to around £1.33 a month, to be paid between April 2024 and March 2025.
Businesses should expect ‘fair prices’, Ofgem respond to FSB’s concerns ahead of winter December 8, 2023 The FSB called on energy suppliers last month, signalling that changes must be made as small businesses battle high utility bills.
