Gas and electricity bills to be cut by £20 says Ofgem

Gas and electricity bills to be cut by £20 says Ofgem

The energy watchdog has vowed to take money out of shareholders’ pockets to improve investment in a green energy network while slashing bills. Ofgem said households stand to save around £20 a year on their gas and electricity bills under its proposals, which are set…

Electricity supplier SSE fined £2m by Ofgem over capacity blunder

Electricity supplier SSE fined £2m by Ofgem over capacity blunder

The UK energy regulator has fined SSE more than £2 million for a 2016 blunder which is likely to have pushed up wholesale electricity costs. Ofgem said it would send a “strong message” to energy producers that they must share timely information with others on…

Gas and electricity bills may go up £21 because of Covid

Gas and electricity bills may go up £21 because of Covid

British households may face a significant increase in their energy bills from the beginning of April due to the corona virus, based on new proposals from Ofgem. The regulator proposes an increase to the maximum that many households can be settled on the account, because…

Hackers Demand $7.7 Million in Bitcoin From Electricity Company

Hackers Demand $7.7 Million in Bitcoin From Electricity Company

In brief Hackers have compromised the billing systems of Pakistan’s biggest electricity producer. They demanded $3.8 million in ransom, which increases to $7.7 million if not paid soon. Enterprise ransomware attacks have cost firms over $25 million this year. K-Electric, the biggest power producer in…