Iran's threat to shut the Strait of Hormuz amid US-Israeli tensions risks catastrophic disruption to global oil and gas supplies, with Asia's economies most vulnerable to immediate shortages.
Ofgem will announce the new energy price cap for April to June 2026 on February 25, 2026, with rates effective from April 1. The cap, a maximum per-unit charge, may decrease despite recent increases.
Households will see energy bills fall by around 7% from April, with an average £150 cut promised by Chancellor Rachel Reeves. The reduction comes from scrapping the Energy Company Obligation scheme.
Money Saving Expert Martin Lewis advises households to verify if they are owed refunds from energy suppliers, with £240 million sitting unclaimed in closed accounts.
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Millions of households will see energy bills fall from April 1 as Ofgem updates its price cap, incorporating a £150 Budget discount. Savings vary widely based on usage and tariff type.
Ofgem is set to announce a £117 reduction in the energy price cap from April 1, lowering typical annual bills to £1,641. The cut stems from government measures, but savings will vary based on usage.
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A Finnish thinktank reports Russia's oil export volumes remain 6% above pre-invasion levels, though revenues have dropped due to price discounts, as EU sanctions face enforcement challenges.
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French energy giant EDF announces a major £15 billion investment in the UK over three years, despite reporting a 12% drop in nuclear output and a third fall in UK profits for 2025 due to lower energy prices and plant outages.
Households with smart meters can now receive automatic £40 payments for installation delays or faults under new Ofgem rules. A fourth issue may be added later this year.
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Households could see energy bills fall by around 7% from April after the Government's promised £150 average cut. The reduction will be applied through lower unit rates, with exact savings depending on consumption.
Households across Great Britain will see energy bills drop from April 1st as Ofgem prepares to announce a significant reduction in the price cap this Wednesday, implementing Chancellor Rachel Reeves' promised £150 average saving.
Ofgem is set to announce a 7% reduction in the energy price cap from April, with households seeing varying savings based on usage. Chancellor Rachel Reeves confirmed the £150 average cut.
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Ofgem is set to announce a £117 reduction in the energy price cap from April, lowering typical bills to £1,641. Chancellor Rachel Reeves' £150 cut pledge will vary by household usage.
Households will see energy bills fall by approximately 7% from April 1, with the average bill reduced by £150 due to government policy changes and Ofgem's price cap adjustment.
The UK energy regulator Ofgem has issued new guidance on reducing gas and electricity costs through minor behavioural changes and home improvements, as the price cap is set to fall.
Households will see energy bills fall by around 7% from April after the government's price cap reduction. The average £150 cut will vary based on usage, with savings applied through lower unit rates.
Ofgem's new price cap from April 1 brings a £117 reduction to £1,641 annually for typical households, implementing Chancellor Reeves' £150 average cut through shifted policy costs.
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