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Octopus Energy to pay £1.5m over prepayment meter billing error

Sky News Tuesday, 8 July 2025 ()
Britain's largest residential gas and electricity supplier is set to pay £1.5m in refunds and compensation after failing to provide customers with final bills within six weeks, Ofgem has said. 
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Octopus Energy Energy supplier in the United Kingdom

Octopus Energy sparks £10bn demerger of tech arm Kraken

Octopus Energy Group, Britain's largest residential gas and electricity supplier, is plotting a £10bn demerger of its technology arm that would reinforce its..
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Ofgem Ofgem United Kingdom government non-ministerial department

Ofgem confirms 7% drop in prices [Video]

Ofgem confirms 7% drop in prices

Households on the energy price cap will see a 7% reduction in their average annual payments from 1 July, Ofgem has confirmed. Ofgem's Tim Jarvis urged households on the price cap to "shop around" for savings as there are "better deals out there" despite the reduction in the default tariff. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:06Published
Energy bills to drop in July after Ofgem decreases price cap [Video]

Energy bills to drop in July after Ofgem decreases price cap

Household energy bills will drop by 7% from July, the energy regulator Ofgem announced on Friday. Ofgem's announcement is the first drop in the energy price cap for more than a year. Energy secretary Miatta Fahnbulleh welcomed the announcement, saying: "Bills going down will be a big relief for families who are under pressure with the cost of living. We have to continue the work of getting bills down for good." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:36Published

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