Price cap

Octopus announces drop in SVT prices

Renewable energy supplier Octopus Energy has announced it is reducing the cost of its standard variable tariff (SVT) from 1 May as a result of falling wholesale costs.

Npower launches price cap tracker tariff

Big six supplier Npower has launched a standard variable tariff (SVT) price cap tracker tariff following a successful trial earlier this year.

Ofgem’s revised price cap comes into effect

Energy industry regulator Ofgem’s revised price cap on standard variable tariffs (SVTs) comes into effect today (1 April).

Levels of customer market engagement ‘reduced slightly’

Levels of customer engagement with the market “reduced slightly” between October 2018 and January this year, figures from Uswitch.com have revealed.

New energy supplier promises share sale proceeds to charities

Ofgem grants price cap derogation extension to three firms

Energy industry regulator Ofgem has extended the derogation it has given to three renewable energy suppliers in relation to the standard variable tariff (SVT) price cap.

First Utility becomes latest supplier to increase SVT tariff

First Utility has become the latest challenger brand to raise its standard variable tariff (SVT) to the revised price cap level.

One fifth of pensioners ‘ration energy usage’, survey finds

More than a fifth of over 65-year-olds “rationed” their energy usage this winter due to financial pressure, research from Comparethemarket.com suggests.

SSE becomes last of the big six to raise prices for customers

SSE has become the sixth and final large supplier to announce it is raising its standard variable tariff (SVT) to Ofgem’s revised price cap level.

Energy price cap ‘to hit’ Centrica’s profit this year

Centrica has announced it has delivered “mixed” financial results for 2018 today (21 February).

Scottish Power becomes fifth supplier to hike prices

Scottish Power has become the fifth big six supplier to announce it is raising its standard variable tariff (SVT) in line with the revised Ofgem price cap.

British Gas latest to raise bills after Ofgem price cap change

British Gas has become the fourth and largest big six supplier so far to raise its standard variable tariff (SVT) to the revised Ofgem level.

Orbit Energy launches price cap tracker tariff

Orbit Energy has introduced a tracker tariff for its customers which, the company says, will always remain 10 per cent below the price cap.

Npower becomes third big six supplier to raise SVT

The supplier will increase the tariff by £117 to £1,254 for the average dual fuel customer, following Eon and EDF which raised their prices on Monday and Tuesday respectively.

EDF becomes second supplier to hike tariff to new cap level

EDF Energy has become the second big six supplier to increase its standard variable tariff (SVT) to the new cap level following Eon.