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Ofgem Archives - Energy Angels

Energy Price Cap is to rise by £693

Ofgem, the energy regulator, has today announced that the energy price cap is to rise by £693.The 54% increase, coming into effect in April, will result in energy bills increasing to £1,971 a year and affect around 22 million customers on standard tariffs.In an Ofgem energy price cap press release, Jonathan Brearley, chief executive of

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Ofgem Investigation into PayPoint

An Ofgem investigation into PayPoint has resulted in admittance that PayPoint breached competition laws.PayPoint has agreed to remove exclusivity clauses from its pre-pay customer contracts with energy suppliers, as well as pay £12.5 million to the regulator.Additionally, PayPoint has agreed to overhaul its services as a result of the four-year investigation. Who is PayPoint?Established in 1996,

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What is the Energy Price Cap?

The squeeze on household finances for millions will take hold as the latest energy price cap takes effect. But, what is the price cap and how does it affect millions of UK households? What is the energy price cap?The energy price cap was introduced in January 2019 and set by Ofgem, the energy regulator, under government

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