Report: Ofgem disputes cause of energy price hikes

Ofgem has questioned the "Big Six" energy firms' claims that soaring bills are down to a rise in wholesale market prices of gas and power, the Financial Times reported.

The energy regulator's figures claim that wholesale prices increased by only 1.7% over the past year, which should have been reflected in a rise of only around £10 on bills.

Centrica argued that Ofgem's methodology is '"flawed".

Read: Energy price rise adds £134 to average yearly bill

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Energy firms 'failing' elderly

Council have leaders claimed energy companies are falling behind in their obligation to pay for insulating the homes of poor and elderly people.