OFGEM’s failure to effectively regulate energy suppliers has added £94 to household energy bills, the spending watchdog has said. The energy regulator did not tighten requirements for ne…
PAC said the position of vulnerable customers, who already pay higher energy prices, was “unacceptable”.
Rocio Concha, director of policy and advocacy at Which?, said a “long-term” solution to mounting energy costs is clearly necessary.
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Households paying £94 extra on energy bills because Ofgem was 'too slow to act', says watchdogCustomers have picked up the £2.7bn cost of supplier failures at an extra £94 per household, the Public Accounts Committee says.
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Households paying £94 extra on energy bills because Ofgem 'too slow to act', says watchdogThe watchdog also found the price cap was 'providing only very limited protection to households from increases in the wholesale price of energy', noting that Ofgem expected prices could 'get significantly worse through 2023'
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Ofgem failures to effectively regulate the energy market have cost households £2.7 billionThe Public Accounts Committee said each homeowner has paid an extra £94 warning that bills would 'very likely increase' in 2023
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800,000 households urged by Martin Lewis to claim £2,000'There are 800,000 people in the UK eligible for tax-free childcare'
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Halfords to give free MOTs to desperate drivers struggling with cost of livingThe top motoring retail company has teamed up with a leading charity to offer 1,000 free MOT tests to help curb the cost of living crisis for households across the UK.
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