Jonathan Brearley

Latest

Price cap falls to lowest level in two years

The energy price cap has fallen to its lowest level since Russia’s invasion of Ukraine in 2022, Ofgem has confirmed. In an update to the default tariff cap, the regulator said it will fall by just over 12% on the previous quarter from 1 April to 30 June 2024. Despite this milestone, the regulator has warned that energy debt has reached a record figure of £3.1 billion. As such, it has made a decision to introduce a temporary adjustment to the cap which will allow suppliers to recover costs related to increased levels of debt.

2 months ago

Ofgem director admits net zero duty will speed up progress

5 months ago

New Ofgem chair: Low morale fuelling high turnover

6 months ago

Ofgem explores price cap alternative

10 months ago

Ofgem CEO ‘frustrated’ with lack of pace on diversity

10 months ago

Government mulls curb on failed suppliers selling hedges

11 months ago

Regulator must keep an eye on DSO laggards

11 months ago

DWP open to sharing data with utilities

11 months ago

Brearley urges suppliers to help SMEs facing bills ‘cliff edge’

1 year ago

Business retailer fined for deliberate overcharging

United Gas & Power (UGP) has been hit with a £2.1 million financial penalty for multiple breaches of its licence conditions. A two-year investigation by Ofgem concluded that UGP deliberately overcharged customers, did not return credit balances owed to former customers and repeatedly failed to properly communicate at time of contract renewal.

1 year ago

Brearley: Forced PPM ban to extend beyond this month

Ofgem’s moratorium on forced pre-payment meter installations will not end later this month, the regulator's chief executive Jonathan Brearley has revealed. Suppliers will also face fines if they do not improve the way that they identify vulnerable customers.

1 year ago