Ofgem announced a 4% increase in the UK domestic energy price cap starting in October, raising the limit to £1,723. The hike is driven by high international gas prices exacerbated by the conflict in I
UK inflation rose to 2.9% in July as Ofgem increased the price cap. Wholesale gas prices reached their highest since March 2024 due to Middle East conflict impacts.
UK regulator Ofgem warns data centers are reserving excessive grid capacity, creating bottlenecks for renewable projects and threatening economic growth, prompting planned reforms to clear the connect
UK regulator Ofgem raised the domestic energy price cap by 13% to £1,862 annually from July, citing soaring wholesale gas prices driven by Middle East conflict.
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