MoneySavingExpert News
Ofgem
Rules that prevent energy firms from offering cheaper deals to new customers will remain in place until March 2025, regulator Ofgem has confirmed. It means you're less likely to be able to cut your bills by switching supplier for the time being – though there are still some deals worth considering now.
30 July 2024
Rules that prevent energy firms from offering cheaper deals to new customers could be scrapped by October, paving the way for you to cut your bills by switching supplier. MoneySavingExpert.com founder Martin Lewis said the move is a much-needed fix for the broken energy market, though while "better late than never", he cautioned that the change is still too far off.
14 May 2024
If you are aged 75 or over, or have a child under two, energy suppliers will soon be permanently banned from forcibly installing a prepayment meter in your home. It comes as the energy regulator's current code of practice is to be extended, and become mandatory, in a bid to protect more households. Firms flouting the rules, which will take force from 8 November, will face fines.
13 September 2023
Millions of Shell broadband and energy customers could be moved to a new provider in the coming months as the supplier has announced plans to sell these parts of its business following a "strategic review" – though there's no immediate change to your services and you should keep paying your bills as normal.
6 June 2023
The price households pay for energy "will drop considerably" in July, the energy regulator has confirmed to MoneySavingExpert.com founder Martin Lewis on ITV's Good Morning Britain. It comes ahead of next week's Ofgem announcement on the new Price Cap rate from 1 July, which is predicted to fall below the Government's current Energy Price Guarantee.
23 May 2023
Energy suppliers have been permanently banned from fitting prepayment meters into the homes of over-85s and those with chronic illnesses under a new code of practice. Firms also need to prove they meet the industry regulator's new code before restarting forced installations, plus they must now visit each home they plan to install meters into in advance.
18 April 2023
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