Ofgem

📢 Inside Energy Ep 3 out now! Met Office scientist Dr Emily Wallace talks about the climate crisis and how the energy industry needs to lead the way. 🎧 You can listen now on podcast streaming services, or by clicking here: https://ow.ly/ebfT50XsRze

📢 Inside Energy Ep 3 out now! Met Office scientist Dr Emily Wallace talks about the climate crisis and how the energy industry needs to lead the way. 🎧 You can listen now on podcast streaming services, or by clicking here: https://ow.ly/5eYQ50XsRtJ

Ever wondered where every £1 of your energy bill goes? 💭 Here’s our pound pie chart that shows how it’s sliced. *Figures are approximate due to rounding 🔶 Energy costs – 39.3p: This is the wholesale cost of the gas and electricity you use. 🔶 Infrastructure – 22.6p: Pays for building and maintaining pipes, wires, and networks that deliver energy to your home. 🔶 Policy costs – 13.4p: Supports government schemes like renewable energy and help for vulnerable customers. 🔶 Operating costs – 11p: Covers day-to-day running costs for energy suppliers and the cost of the smart meter rollout. 🔶 VAT – 4.8p: The tax added to your bill. 🔶 Debt – 3p: Helps suppliers manage unpaid bills. 🔶 Industry charges – 2p: Costs relating to the operation of industry bodies that are generally passed through to suppliers. 🔶 Other costs – 1.6p: Headroom allows suppliers to manage uncertainty in their costs. Levelisation makes sure prepayment and Direct Debit customers pay the same standing charge. 🔶 Earnings before interest and tax – 2.6p: Profit made by suppliers before taxes and interest.

From 1 January 2026, the average price cap unit rates for energy are changing. The standing charge for those on a standard variable tariff is increasing. These are caps on unit rates plus the standing charge (not a cap on your total bill).  More: https://ow.ly/7qg950XvB1C

The quarterly energy price cap will rise by 0.2% from 1 January 2026. This will be a rise of around 28p per month for an average household on a supplier’s standard default tariff. This is a cap on the energy unit price plus standing charge suppliers can charge, not a cap on total bills. More on how this might affect you ⬇️  https://ow.ly/3TiU50Xvv3S

We welcomed Matt Cole, CEO of the Fuel Bank Foundation, to our London office for a discussion with our Chair Mark McAllister. Matt shared reflections from his recent UK tour, highlighting the urgent challenges of fuel poverty and the opportunities a fair, inclusive net zero transition can bring. Ofgem will continue to work alongside the Fuel Bank Foundation to help protect vulnerable households. Thank you to Matt and his team for their work and continuing to support those that need help. #FuelPoverty #NetZero #ConsumerProtection #EnergyForAll

Protect your business from energy fraud: ✅ Be wary of unexpected calls or emails—verify who they are. ✅ Don’t be pressured into signing—check terms & fees first. ✅ If in doubt, stop and contact the company using details on their official site. #FraudWeek

As part of our ongoing work on energy code reform, we’re proposing a new way to harmonise the prioritisation of energy industry code modifications. To do this, we’re using powers under the Energy Act 2023 and publishing several key documents: ✅ A consultation on proposed changes to industry codes ✅ A notice explaining how and why we’re using our powers ✅ Supporting documents with proposed guidance and code text changes This is your chance to share feedback before the new process is put in place. We’ve been working closely with industry, including through our January consultation and August workshop, to prepare for this. The consultation covers four main areas: 1️⃣ How the new prioritisation process will work in practice 2️⃣ What criteria and categories we’ll use and how these should apply 3️⃣ How decisions will be governed and reviewed 4️⃣ How our proposals will interact with existing processes This new approach will help the industry focus on the most important changes and support the rollout of the Strategic Direction Statement (SDS). 💬 We’re inviting all stakeholders to get involved and help shape the future of code governance: https://ow.ly/567a50XuJah #Ofgem #EnergyIndustry #Consultation #CodeGovernance #SDS #StakeholderEngagement

📢 Inside Energy Ep 3 drops Fri 21 Nov! Ofgem's Jenny Boothe and Akshay Kaul reveal the regulator’s story from its inception 25 years ago. 🎧 You can listen to previous episodes on podcast streaming services.

Earlier today, Ofgem's Chief Executive Jonathan Brearley delivered a keynote speech to the Aurora Energy Transition Summit.   Jonathan discussed system planning, what that means for regulation, what needs to change, retail reform, debt, the price cap and innovation such as; 🟠 Strategic regulation for a new era: Ofgem is accelerating approvals, reforming connections to prioritise clean power and economic growth (including for AI), while ensuring every pound of investment delivers demonstratable consumer value. 🟠 Institutions and retail reform: NESO, DESNZ and Ofgem must align to deliver strategic planning at pace, while retail reforms tackle debt, rethink the price cap and build a market that is investable, innovative and right for everyone. 🟠 Innovation and consumer focus: From time‑of‑use tariffs to zero‑bill homes, Ofgem is creating space for innovation while keeping protections strong.   Follow the link to read how we're reshaping regulation to unlock flexibility and deliver a system that works for everyone 👇