Mr Lewis admitted he said the plans were a “f***g disgrace that sells consumers down the river” in a closed door meeting with Ofgem staff.He said: “I'd like to formally apologise to the @ofgem staff for losing my rag in a background briefing just now and saying its changes are a ‘fucking disgrace that sells consumers down the river’.
Source: News Formal (newsformal.com)
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Martin Lewis shares when energy bills will go up this year under new Ofgem rulesThe energy price cap is currently reviewed twice a year, every six months, but Ofgem wants to change this so it is altered four times a year, or every three months, as Martin Lewis’ MoneySavingExpert website explains
Source: The Mirror - 🏆 136. / 51 Read more »
Martin Lewis apologises for swearing at Ofgem over energy price capMoneySavingExpert founder sorry for ‘emotional rant’ as regulator says it will update cap four times a year Martin was right to! They’re toothless and useless! What do they actually do Absolutely NOTHING to apologise for! Not while the people of this country goes cold and hungry, while these disgusting companies brim to the rim on billions of gains And the government does nothing (unlike in France, where increases were controlled by a windfall tax) No apology required the nation thinks! These leeches need to be given it like they are giving it to us!
Source: The Guardian - 🏆 84. / 53 Read more »
Cost of living: Energy price cap adjustments could be every three months under Ofgem reform planOfgem's plans would not kick in until October when the next price cap adjustment is already due but the regulator says it will make the market fairer and more resilient after a tumultuous period for suppliers and their customers. And our wonderful government is the gift the keeps on giving
Source: SkyNews - 🏆 35. / 67 Read more »
Energy price cap to be updated four times a year under Ofgem planRegulator says it wants to deliver price falls quickly to consumers and help suppliers manage risk That's good news ?! Given that Ofgem allowed British Gas to double my Electricity Standing Charge, I think looking after consumers is at the bottom of their list of priorities ! How about, where the cost of electricity and gas fall, Ofgem updates the cap frequently — but where they increase, it is twice yearly like now. This is going to benefit suppliers more than customers, which is an indictment of Ofgem and its inability to fulfil its role.
Source: The Guardian - 🏆 84. / 53 Read more »
Ofgem proposes more frequent changes to UK energy price cap\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: FT - 🏆 113. / 51 Read more »
Energy bills could go up four times a year under new Ofgem planThe price cap on household energy bills could be reviewed four times a year under new plans mooted by Ofgem on Monday. utterly outrageous. claw back the millions of foreign aid, slam energy companies whose profits are obscene, share energy company bosses bonuses to lighten the burden of those who really run the country, US. Shrinkflation
Source: The Independent - 🏆 80. / 59 Read more »