Energy Prices News

Content in this article What’s Driving the Predicted 7% Drop in Energy Bills? How Will the July 2024 Price Cap Reduction Impact UK Households? What Is the Ofgem Price Cap and How Does It Work? How Does the Energy Price Guarantee Affect Household Bills? How Have Energy Prices Changed Since the Pandemic and Ukraine Invasion? […]

Content in this article 1. The Post-Pandemic Surge in Energy Demand Global Energy Demand Growth Forecast The Uneven Global Recovery and Energy Demand The Role of Pent-Up Consumer Demand 2. Geopolitical Tensions and Supply Disruptions The Ripple Effects of Geopolitical Tensions The Growing Threat of Cyberattacks on Energy Infrastructure 3. The Costs of Transitioning to […]

Content in this article Understanding the Ofgem Price Cap Changes to the Ofgem Price Cap in 2023 How the Ofgem Price Cap Affects Consumers Standard Variable Tariff (SVT) Customers Fixed Tariff Customers Prepayment Meter Customers Standing Charges (also known as meter rental and Daily charge) The Benefits of the Ofgem Price Cap The Future of […]

Content in this article The Energy Price Cap: A Brief Overview Falling Energy Prices and the Updated Price Cap The Impact on Consumers: Relief for Some, Concerns for Others The Need for Continued Government Support The Limitations of the Price Cap: A Call for Reform The Future of Energy Prices: Uncertainty and Volatility Government Response: […]

Content in this article The Global Picture What is the Energy Price Cap? Why is the Cap Being Raised? What Can You Do? It’s hard to open a newspaper, turn on the news or listen to a phone-in radio station without coming across coverage and discussion of the dramatic rise in the cost of energy […]

Ofgem, the UK’s energy industry regulator, announced on 6th August 2021 that the energy price cap will rise by £139 to £1,277 a year for the typical home on 1st October 2021. The regulator calculates the level of the cap based on energy supplier network costs along with the average overheads of each supplier and […]