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


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.