UK energy sector trade body focused on secure, affordable energy and a smooth transition to net zero.
Ofgem has announced a four per cent rise in the energy price cap for October-December, with typical dual-fuel bills now around £1,723 a year. The change follows higher wholesale gas prices linked to Middle East tensions, and government VAT relief on electricity bills is highlighted as a key mitigation.
Ofgem has confirmed the energy price cap will increase by 13% from July, pushing typical annual bills to £1,862. The shift is driven by higher wholesale gas prices amid the Middle East conflict. About 40% of accounts are on fixed tariffs and are unaffected. Households are advised to consider fixed deals and smart-meter off-peak pricing.
The price cap on gas and electricity has increased, raising the typical yearly bill to around £1,862 for direct-debit customers, with Ofgem data showing a sustained spike in wholesale prices. Households are urged to submit meter readings and seek cheaper fixed deals as bills stay high into winter.
Energy bills for millions in England, Scotland and Wales have risen by 13% due to higher gas costs amid tensions in the Middle East. Regulators warn the impact will persist into winter, with calls for targeted support and possible social tariffs.
Independent sources report Octopus Energy is pressing the incoming UK prime minister to reform the electricity market. The company says reform could save households up to £114 a year and cut billions in costs by 2050, with further savings if levies are moved to general taxation. Reform also faces a two-year timeline and potential gains for wind, batteries and interconnectors.