Almost a quarter of UK business leaders (23%) fear their company will not survive the financial year due to the current cost of living crisis, new research has revealed. Around one in ten (9%) said that if the situation doesn’t change, they’d expect to go out of business in the next five years. The figures […]
The energy price cap, which limits how much energy providers can increase their prices by, is set to rise by a further £800 in October, Ofgem has confirmed. Ofgem’s chief executive, Jonathan Brearley, said the cap is expected to increase to £2,800 a year, due to continued volatility in gas prices. This means that the typical […]
Ofgem has published a new consultation to look at whether the energy price cap should be updated quarterly rather than every six months. Ofgem says a more frequent price cap would reflect the most up to date and accurate energy prices and mean that when prices fall from the current record highs, customers would see […]