Energy price cap will come into force in the New Year

Ofgem has confirmed the final level of the cap at £1,137 per year for a typical dual fuel customer

ScottishPower announces second price rise this year

Around 900,000 customers will see their energy bills increase to £1,257 a year

Power NI hikes electricity prices by 13.8%

It will add £68 to the annual dual fuel bill and come into effect on 1st October 2018

EDF Energy announces second price rise this year

The Big Six supplier is increasing its dual fuel tariff by 6%

Want to get paid to use electricity?

An energy supplier has launched a new tariff that it claims will pay customers to use electricity when demand is low and there is too much power on the UK system. Octopus Energy’s new Agile tariff reflects wholesale costs, which means it will pass “negative prices” to customers if there is excess power supply. In […]

Octopus Energy’s new tariff allows customers to see profits

Octopus Energy has launched a new tariff that shows consumers how much profit it is making. The energy supplier said its customers will be able to use an app to see the wholesale price they are paying for energy every day, along with the additional costs of supplying that energy as well as the mark-up […]

Calls for energy price cuts as wholesale costs fall

The UK has seen wholesale gas and power prices average at 10-year lows. That’s according to energy market pricing analysts ICIS, which revealed the cost of gas is at its lowest in a decade while electricity prices are at a nine-year low. Its Power Index closed at £34.31/MWh on 31st March, down 25% from the […]

Chippy Ovo cuts prices after “falling wholesale costs”

Independent electricity supplier Ovo Energy announced it is cutting prices by 2.5% today because of “wholesale costs”. The cut is across all of its 12-month fixed energy plans and the supplier said this is its fourth reduction in prices since the autumn. The new tariff makes Ovo the cheapest in the country now. On social […]

Ovo Energy’s immediate 5.8% price hike

Energy company Ovo Energy has announced it is increasing its gas and electricity prices by 5.8% with immediate effect. Its New Energy Fixed plan, believed to be its cheapest tariff, will add £68 to the current price – a rise from £1,172 to £1,240 a year. Its existing customers on the variable tariff will also […]

Centrica hints at price rises on the way

Centrica today strongly hinted a gas price rise could be on the way. In the interim statement the British Gas owner said the cost of supplying gas is likely to go up £50 per household and this could have a knock-on effect on prices. In the statement it said: “UK wholesale gas costs are around […]