Energy firms’ profits to rise despite price cuts

Energy companies’ profits could increase to £114 per household over the next year despite cuts to tariffs as wholesale costs fall. That’s according to the latest supply market indicator (SMI) from Ofgem, which said it had taken the recent price cuts announced by the Big Six companies into account as well as the introduction of […]

Ofgem lowers energy bill estimate by more than £100

Ofgem has lowered its estimates for next year’s fuel bills in response to new data from DECC on consumers’ energy use. The regulator’s prediction for an average dual fuel energy bill over the next 12 months is now more than £100 cheaper than before, according to the revised Supply Market Indicators (SMIs). These indicators are […]