Ofgem’s new price cap: More than 15 million households will see energy bills slashed by up to £95

The energy market regulator also lowered the level for prepayment meter customers from £1,164 to £1,070 per year

Ofgem fines ENGIE unit £2.1m over gas price manipulation by trader

The regulator said the trader working for ENGIE Global Markets was engaged in a type of market manipulation called ‘spoofing’ over a three-month period in 2016

Firmus Energy customers to be hit by 12% gas hike

It will affect around 87,000 households and small businesses

Gas price rise for 85,000 energy customers in NI

Firmus Energy said its decision to increase tariffs is “regrettable” and “unavoidable”

E.ON first Big Six supplier to cut gas prices

E.ON has announced it will reduce its standard household gas prices by 5.1%. It is the first Big Six energy supplier to cut prices this year. The reduction, which will come into effect on 1st February, will take £32 off an annual gas bill – equivalent to three weeks’ of usage, it claims. That takes […]

British Gas cuts household gas bills by 5%

British Gas is to reduce its gas prices by 5% for householders. The move, which will come into effect on 27th August, is expected to save consumers £35 on their gas bills. Nearly seven million customers on the Big Six supplier’s ‘Standard and Fix & Fall’ tariffs are to benefit as a result of the […]

A hat trick! ScottishPower latest to cut gas prices

ScottishPower has become the third major energy supplier to announce a price cut. It has pledged to reduce gas prices by 4.8% from 20th February. That means customers on the standard tariff will see savings of £33 on their annual gas bills. Those already on fixed-priced tariffs can also move between tariffs, without paying any […]

British Gas to cut household bills by 5%

British Gas customers will see their annual energy bills reduce by an average of £37, the Big Six supplier claims. The company has promised to reduce its household gas prices by 5%, which will come into effect on 27th February. It is expected to benefit around 6.8 million customers, including those on the Fix & […]

Chilly January forecast bumps up gas prices – DMR

Forecasts of a colder end to the month are boosting UK power and gas prices today, according to the daily market report. Ben Spry, Optimisation Desk Manager at npower said: “We’ve had revised temperature forecasts showing it’s going to be a little bit cooler for the rest of January, going into February. Quite understandably that’s lifted […]

Industrial gas prices a fifth lower than last year

Gas prices for industrial users were on average a fifth (19%) lower in the third quarter of 2014 than a year ago, according to government statistics released today. DECC said UK industrial gas prices (including tax) were also amongst the lowest in the EU15, the group of mostly Western European countries. It was a different […]