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ofgem
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Consuming Issues: Fuel bills have gone up due to Ofgem stupidity
It's only a shame that Ofgem won't be joining them because the regulator is just as much to blame for the fact that average bills are top-heavy at £1,220 a year. After all, as the financial journalist Martin Lewis pointed out…
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Susie Rushton: Turn the heating off – and feel virtuous
The major domestic gas and electricity companies are shortly to be investigated by Ofgem for pushing their net profits margins up by 40 per cent over just eight weeks. Central heating, to our collective minds, is a devilish… -
Letters: Wikileaks
Ofgem's decision to review the energy pricing policies of the electricity and gas suppliers is welcome, but the level of profits is only part of the problem. I'm not sure it is a good idea for Wikileaks to have released a… -
Julian Knight: Has the toothless energy regulator learnt how to bite?
A few years ago Ofgem chastised the firms for this practice and then fell into what seems to be complete inactivity. Unsurprisingly, the energy firms have taken Ofgem for a mug. Now, finally, Ofgem’s seemingly infinite… - View ofgem visually. Visit the NewsWall.
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Ofgem to investigate big rise in energy profits
The regulator Ofgem announced the move yesterday after revealing that suppliers' annual net margins per customer have risen by 38 per cent from £65 to £95. Ofgem, which has been criticised for not being tough enough on… -
The business on…Alistair Buchanan, Chief executive, Ofgem
The very same, although you might ask why it has taken so long: Mr Buchanan has run Ofgem, theregulator that polices the gas and electricity companies, since 2003. But he does have a record of taking on big companies – Ofgem… -
Industry watchdog to probe energy giants
Ofgem announced the probe after discovering average margins on a standard dual-fuel tariff had risen to £90, compared with £65 in September. Ofgem said it would look at the "facts behind the numbers" as companies claimed… -
British Gas raises fuel bills again
The industry regulator Ofgem recently warned that rising prices in the wholesale market could be passed on to the consumer. British Gas said rising wholesale prices had forced it to increase the bills, but promised not to… -
Leading article: This is no time to tread softly around the energy companies
But Ofgem, which supposedly oversees the industry, has repeatedly shown itself to be unwilling to bring the energy giants into line. British Gas has become the latest to do so, announcing a 7 per cent increase yesterday. -
British Gas hikes energy bills by 7%
Industry regulator Ofgem recently warned that rising prices in the wholesale market - where suppliers buy their energy - could be passed on to the consumer. Household bills for gas and electricity will increase by an average…
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Mary Dejevsky: Police who loiter without intent
Anyway, Horseferry Road has on it, in order back from the Thames: MI5, the energy regulator Ofgem (though their addresses are both in Millbank), the headquarters of Burberry, the court that, alas, restyled itself Westminster… -
Julian Knight: Consumers burned in bonfire of the quangos
It had just secured massive compensation from nPower over energy mis-billing after industry regulator Ofgem had done only half a job. It's a great shame Consumer Focus is going: for its annual cost of £5m it was money very… -
The price of ensuring the lights don't go out: £32bn
Competitive tendering for large-scale projects will boost performance and longer-term planning will draw investment at a lower-cost, Ofgem says. The £32bn needed to upgrade Britain's pipes and wires is part of the £200bn… - View ofgem visually. Visit the NewsWall.
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Consumers to pay extra £6 a year to revamp energy network
Ofgem said £32 billion worth of investment in pipes and wires was required across the country, twice that seen in the last 20 years, to secure supplies to households and to move to a low-carbon economy. -
Energy firms face bad week as watchdogs bite
First, industry watchdog Ofgem has told firms that they need to give at least 30 days' notice of any price increase, allowing customers time to transfer to another provider before the new, higher tariff comes into play.