Office of Gas and Electricity Markets

The price cap on energy bills for most British households is to fall again, regulator Ofgem announced on Aug. 25, offering mild relief amid the ongoing cost-of-living crisis.

Bills will decline from October thanks to a further fall in wholesale energy prices, which had soared in the wake of the post-COVID recovery and the war in Ukraine.

The unprecedented jump in natural gas prices will force more British energy suppliers out of business and the industry needs to prepare for prolonged pain, energy officials and the business minister said on Wednesday.

The European Commission proposed on Tuesday a package of measures aimed at addressing possible interruptions of energy supply to the EU.

Alparslan Bayraktar was elected as the new chairman of the International Confederation of Energy Regulators at the sixth World Forum on Energy Regulation in Istanbul on May 28.

Bayraktar is a commissioner in the Energy Market Regulatory Authority of Turkey (EMRA) and he also serves as the chairman of the Energy Regulators Regional Association, ERRA.