Ofgem News & Press Releases

Middle East Conflict Impact on Energy Costs and Bills

Ofgem has issued a notice regarding the impact of the Middle East conflict on UK energy costs. The notice clarifies that while global markets are affected, consumers on standard variable tariffs are protected by the energy price cap until the end of June 2026.

Energy Price Cap Reduction for Households

Ofgem announced that the energy price cap will fall by £117 (7%) for a typical household between April 1 and June 30, 2026. This reduction is attributed to the end of certain environmental and social scheme funding and a decrease in global wholesale energy prices, partially offset by increased network costs.

Ofgem secures £20 million redress from National Grid for licence failures

Ofgem has secured £20 million in redress payments from National Grid Electricity Transmission (NGET) following licence failures at the Harker 132kV substation. NGET accepted failures in monitoring, maintaining, and repairing civil assets, leading to delays in connecting embedded generation.

Ofgem CEO Jonathan Brearley to Step Down

Ofgem announced that Chief Executive Officer Jonathan Brearley will step down at the end of March 2026. Tim Jarvis will serve as Acting CEO during the transition period while a search for a permanent successor is initiated.

Energy Price Cap to Fall 7% from April 2026

UK energy regulator Ofgem announced that the energy price cap will decrease by 7% from April 1 to June 30, 2026. This reduction, amounting to approximately £117 annually for average households, is primarily driven by recent government budget interventions on policy costs.