Last mentioned: Mar 9, 2026
New Cap Implementation
New, potentially higher energy rates take effect for millions of UK households.
RTS Migration Deadline
Target date for suppliers to transition legacy RTS meter customers to smart infrastructure.
July Cap Forecast
Analysts expected to release first firm predictions for the summer price cap period.
The Crunch Point
Ofgem expected to announce the Price Cap for July-September, likely reflecting recent wholesale spikes.
Price Cap Implementation
Projected £200 reduction in the annual energy price cap takes effect for UK households.
Implementation Date
New price cap officially begins, reducing average annual bills by £200.
Implementation Date
New lower rates take effect for millions of UK households on variable tariffs.
Price Cap Reduction
Regulated energy bills drop by 6.7%; existing fixes cut by up to 9%.
Meter Reading Deadline
Final day for consumers to submit readings before the new lower rates take effect.
Miliband-Lewis Briefing
Energy Secretary Ed Miliband calls Martin Lewis to discuss wholesale price volatility.
Wholesale gas prices spike, leading to the collapse of dozens of UK energy suppliers.
The largest supplier failure in UK history requires a multi-billion pound government bailout.
Ofgem announces the price cap will fall by £117 from April 2026.
Brearley confirms he will step down as CEO to allow for new leadership during the Net Zero transition.
Resignation Announced
Brearley announces he will step down to allow for new leadership in the net-zero transition.
Price Cap Drop
Ofgem confirms annual energy bills will fall by £117 from April 2026.
Ofgem Announcement
Regulator provides updates on the price cap mechanism and upcoming April adjustments.
Price Cap Announcement
Ofgem confirms the new price cap levels for the April-June quarter.
Price Cap Announcement
Ofgem confirms the new energy price cap levels for the April-June quarter.
Inflation Report
UK inflation falls to 3%, but electricity costs remain 53% higher for many consumers.
The UK’s Competition and Markets Authority (CMA) has issued a formal warning to heating oil suppliers against exploitative pricing as costs for off-grid consumers continue to climb. The watchdog is monitoring the sector to ensure retailers are not using market volatility as a pretext for unfair price hikes or anti-competitive behavior.
Personal finance expert Martin Lewis has issued a stark warning that UK energy bills represent a 'ticking time bomb' due to rising wholesale costs linked to conflict in Iran. While prices are set to fall in April, a significant 'crunch time' is expected in May when the next regulatory price cap is announced.
Jonathan Brearley has announced his resignation as CEO of Ofgem, ending a six-year tenure defined by the 2021 energy crisis and the implementation of the price cap. His departure triggers a high-stakes search for a successor to lead the UK's regulatory transition toward a decarbonized power grid by 2030.
Ofgem CEO Jonathan Brearley has announced his resignation, marking the end of a high-pressure tenure defined by the global energy crisis and the implementation of the price cap. His departure comes as the regulator confirms a £117 reduction in the annual energy price cap starting in April, signaling a potential shift in regulatory strategy for the UK's energy market.
Ofgem is set to lower the energy price cap in April 2026, potentially saving millions of households approximately £200 annually as wholesale costs stabilize. However, analysts warn of a 'cliff-edge' for those on fixed-rate deals and ongoing risks related to legacy metering infrastructure.
Ofgem is set to lower the energy price cap by approximately £200 starting in April 2026, providing significant relief to millions of UK households. However, experts warn of a cliff-edge trap as standing charges and the phase-out of legacy meter technologies create new financial risks for consumers.
Ofgem's latest energy price cap projections suggest a significant £200 reduction for households starting in April 2026, offering a potential lifeline to the UK retail sector. However, industry experts warn of a 'cliff-edge' trap as current electricity costs remain 53% higher than previous benchmarks, continuing to squeeze discretionary spending.