Ofgem

Company

Last mentioned: 1d ago

Timeline

  1. Price Cap Implementation

    Projected £200 reduction in the annual energy price cap takes effect for UK households.

  2. Ofgem Announcement

    Regulator provides updates on the price cap mechanism and upcoming April adjustments.

  3. Inflation Report

    UK inflation falls to 3%, but electricity costs remain 53% higher for many consumers.

Stories mentioning Ofgem 1

consumer-trends Neutral

UK Retail Braces for Impact as Ofgem Signals Major Energy Price Cap Shift

Ofgem's latest energy price cap projections suggest a significant £200 reduction for households starting in April 2026, offering a potential lifeline to the UK retail sector. However, industry experts warn of a 'cliff-edge' trap as current electricity costs remain 53% higher than previous benchmarks, continuing to squeeze discretionary spending.

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