The price cap in October could jump to £2,800, Ofgem CEO Jonathan Brearley has told MPs.
Ofgem is altering the parameters of the Market Stabilisation Charge (MSC), which it brought in in February in response to supplier volatility.
Ofgem has launched a consultation into whether the default tariff price cap should be set every three months, instead of every six.
National Grid is to pay back £200 million of interconnector revenues ahead of schedule amidst the energy crisis.
Ofgem has made a decision to create a Capacity Market Advisory Group (CMAG) following an earlier Call for Input on the proposal.
Ofgem and Innovate UK have unveiled the four challenge areas for the second round of innovation funding as part of their Strategic Innovation Fund (SIF).
Ofgem is to reduce the overall connection charge for those connecting to the distribution network, having published its final decision on the Access and Forward-Looking Charges Significant Code Review (Access SCR).
Western Power Distribution (WPD) failed to meet its obligations to provide information to some of its most vulnerable customers, regulator Ofgem has found.
Following Ofgem redistributing the £58,375,203 Renewables Obligation (RO) late payment fund in December to energy suppliers, a further £384,278.28 has been recovered by the regulator.