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Office of Gas and Electricity Markets

United Kingdom government non-ministerial department

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Office of Gas and Electricity Markets: United Kingdom government non-ministerial department
The Office of Gas and Electricity Markets (Ofgem), supporting the Gas and Electricity Markets Authority (GEMA), is the government regulator for the electricity and downstream natural gas markets in Great Britain. It was formed by the merger of the Office of Electricity Regulation (OFFER) and Office of Gas Supply (Ofgas).

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Ofgem boss: We need to make sure customers are looked after [Video]

Ofgem boss: We need to make sure customers are looked after

The Chief Executive of Ofgem Jonathan Brearley has stressed the “need for a long term solution” as the industry announces the energy price cap will fall by £238 to £1,690 this spring. Report by..

Credit: ODN     Duration: 00:26Published
Govt: Good news for families as energy bills to fall [Video]

Govt: Good news for families as energy bills to fall

The energy security secretary says the announcement that the average household energy bill is to fall to its lowest point in two years from April is "good news for families". Claire Coutinho says this..

Credit: ODN     Duration: 00:38Published

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Ofgem launches consultation on changes to energy price cap

Ofgem has launched a discussion on the energy price cap, floating options such as a cap based on vulnerability and when energy is used.
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Why the energy price cap has come down for April - to what could be a new normal

The reduction in the Ofgem price cap that will apply from April may be the final step on the long, ruinously expensive road to a new normal for consumer energy prices. 
Sky News - Published

Energy price cap 'costing people money and boosting inflation'

Ofgem's energy price cap is preventing customers from accessing lower tariffs, contributing to inflation and should be abolished, a new report has claimed.
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Everything you need to know about the energy price cap change

Households will see their gas and electricity bills change on Saturday when Ofgem's latest energy price cap comes into force.
Sky News - Published

What is the energy price cap – and how will it affect my bills?

Energy bills are dominating the headlines again after regulator Ofgem announced the latest energy price cap.
Sky News - Published

Ofgem U-turn after threatening newspaper over prepaid meters exposé

ofgem u-turn after threatening newspaper over prepaid meters exposé
Ofgem has said it is no longer seeking details from The Times newspaper about its undercover investigation that exposed prepayment meters were being forcibly installed in people's homes.
Sky News - Published

Ofgem investigating regulation breaches after energy costs for care providers rise by up to 500%.

ofgem investigating regulation breaches after energy costs for care providers rise by up to 500%.
Ofgem is investigating breaches of its regulations after social care providers reported energy cost increases as high as 500%. 
Sky News - Published

Energy price cap expected to fall - but bills will continue to rise

energy price cap expected to fall - but bills will continue to rise
Ofgem is expected to announce that it will drop its cap on the amount energy suppliers can charge by around £1,000 - but bills could still rise by an average of £500.
Sky News - Published

Ministers spark energy regulator board overhaul amid prepayment meter scandal

ministers spark energy regulator board overhaul amid prepayment meter scandal
The government is preparing to replace a slate of Ofgem's directors this year as the energy regulator faces intense criticism over its handling of the prepayment meters scandal.
Sky News - Published

Ofgem considers fining firms and making them compensate customers over forced meter installations

ofgem considers fining firms and making them compensate customers over forced meter installations
The energy regulator is consider fining firms and making them compensate customers if they did not follow rules around the installation of pre-paid meters.
Sky News - Published

Energy bills set to rise by 20% despite expected fall in price cap

energy bills set to rise by 20% despite expected fall in price cap
Bills will rise by an estimated £500 a month despite an expected reduction in Ofgem's household energy cap, analysts expect.
Sky News - Published

End to forced installation of energy prepayment meters is temporary, Ofgem reveals

Ofgem has revealed that the end of forced installation of controversial energy prepayment meters only extends until the end of March.
Sky News - Published

Business secretary tells Ofgem to toughen up over handling of prepayment meter scandal

Business Secretary Grant Shapps has hit out at Ofgem for listening to energy company bosses over customers, following the forceful installation of prepayment meters.
Sky News - Published

Ofgem tells suppliers to suspend the forced installation of prepayment metres, Sky News understands

The energy regulator Ofgem has asked suppliers to suspend the forced installation of prepayment metres and review their processes for dealing with customers who have fallen into arrears.
Sky News - Published

How do prepayment meters work and why is there a crackdown on them?

how do prepayment meters work and why is there a crackdown on them?
Too many people are on pay-as-you-go energy meters that risk them being cut off paying more, Ofgem, charities and the government have said.
Sky News - Published

Households paying £94 extra on energy bills because Ofgem was 'too slow to act' - watchdog

households paying £94 extra on energy bills because ofgem was 'too slow to act' - watchdog
Ofgem's failure to effectively regulate energy suppliers since 2018 has "come at a considerable cost" to British households, a watchdog report has found.
Sky News - Published

'We will pull together, that's all we can do': Coping with the cost of living crisis

'we will pull together, that's all we can do': coping with the cost of living crisis
Ofgem has announced the energy price cap will rise to £3,549 from the beginning of October, thrusting higher bills upon millions of households across the country.
Sky News - Published

Ofgem director quits over energy price cap change

An Ofgem director has quit over the electricity and gas regulator's decision to change the way it calculates the energy price cap, which she said will lead to much higher bills.
Sky News - Published

Energy price cap expected to rise by £830 in October, says Ofgem chief

The UK's energy price cap is expected to rise in October to around £2,800, Ofgem's chief executive says.
Sky News - Published

Martin Lewis apologises for calling Ofgem a 'f***ing disgrace' over energy prices

martin lewis apologises for calling ofgem a 'f***ing disgrace' over energy prices
Consumer champion Martin Lewis has apologised after ranting at energy staff, calling proposed changes to the energy price cap a "f***ing disgrace".
Sky News - Published

More should have been done to help 1 million homes without power in storm last year, Ofgem report says

more should have been done to help 1 million homes without power in storm last year, ofgem report says
As Storm Eunice barrels towards the South West of England, the UK's energy watchdog has issued an initial report on the impact of Storm Arwen last November, which left more than a million homes without..
Sky News - Published

Millions face average £693 energy bill hike as Ofgem lifts price cap

Millions of households will see their energy bills rise to a typical £1,971 a year after regulator Ofgem increased its price cap by 54%.
Sky News - Published

Chancellor expected to offer help to hard up families as Ofgem announces huge energy price hikes

chancellor expected to offer help to hard up families as ofgem announces huge energy price hikes
Chancellor Rishi Sunak is expected to respond on Thursday to growing pressure for him to help millions of households struggling with the increasing cost of living.
Sky News - Published

What is the energy price cap and why will bills rise so sharply?

what is the energy price cap and why will bills rise so sharply?
Energy regulator Ofgem will today reveal the new level of the price cap that applies to average dual-fuel bills.
Sky News - Published

New energy price cap set to push over a quarter of households into fuel poverty - which areas will be worst hit?

new energy price cap set to push over a quarter of households into fuel poverty - which areas will be worst hit?
More than one in four UK households will be in fuel poverty once Ofgem's latest energy price cap rise comes into effect, according to estimates from the Resolution Foundation.
Sky News - Published

Ofgem considers changes to price cap as gas costs continue to challenge suppliers

ofgem considers changes to price cap as gas costs continue to challenge suppliers
The energy regulator will conduct a consultation on how it caps bills, as many suppliers continue to struggle with increasing gas prices.
Sky News - Published

Goto Energy becomes 13th supplier to collapse as gas prices surge

goto energy becomes 13th supplier to collapse as gas prices surge
Goto Energy has become the latest supplier to cease trading amid surging wholesale gas prices, regulator Ofgem said.
Sky News - Published

Energy watchdog Ofgem braced for fresh wave of supplier collapses

energy watchdog ofgem braced for fresh wave of supplier collapses
Ofgem, the energy regulator, is braced for a fresh wave of supplier collapses this week as the crisis engulfing the industry continues to accelerate.
Sky News - Published

Soaring gas prices may not be temporary and more suppliers could go bust, Ofgem chief warns

Soaring gas prices may not be temporary and more energy suppliers could go out of business in the coming months, the chief executive of Ofgem has warned.
Sky News - Published

Millions to see energy bills rise by up to £139 as Ofgem hikes price cap

Around 15 million families will see their energy bills soar by up to £139 after the regulator hiked the price cap by the biggest increase yet.
Sky News - Published