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April Price Cap rises to £1,849 – tariff changes planned, and billing pressure grows

Ofgem have today announced the energy Price Cap for April 2025 will be set at £1,849, reflecting a £111 (6.4%) increase from January’s headline value. This marks the third increase in a row and the highest level since January 2024. The increase has been largely driven by higher forward wholesale costs, which rose by ~20% during the observation window.

Energy Policy and Regulation Strategy and Commercial

Octopus Achieves £1bn Unicorn Status With £300m Origin Energy Investment

Octopus, which has approximately 1.5m UK customers, will receive the funds to further its 'global clean energy expansion'.

March Energy Switching Likely Impacted By COVID-19

The good people at ElectraLink Ltd. recently released their view of 'Switches Started' for March 20, which they see as being down 7.5% on March 19.

Consolidation continues in UK Energy Retail

This week saw the acquisition of the iSupply customer book by EDF following a lengthy process, and the acquisition of E (Gas and Electricity) by Bayford (the owners of Gulf Energy).

Bulb gains 800k customers, with growth coming at a cost of £129m

In 2018/19 85% of challenger brand energy suppliers were unable to make a profit - the wholesale market was particularly challenging in the latter half of 2018 with wholesale electricity prices reaching almost £70MWh in September.

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Kelly Payne, Director at BFY Group. Jonathan Paton, Senior Manager at BFY Group. Jon Vincent, Senior Manager at BFY Group.

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