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Ofgem Approves £28 Billion Energy Investment, Bills Rise £108

12/4/2025

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Summary

Story summary

Office of Gas and Electricity Markets (Ofgem) approved a £28 billion investment in gas and electricity infrastructure, above £24 billion estimate, with £17.8 billion for gas and £10.3 billion for electricity over five years.
UK households will face a £108 increase in energy bills.
After projected savings, the net increase is about £30.
The government will cut £150 from energy bills next April after ending the Energy Company Obligation scheme.

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Story summary

Office of Gas and Electricity Markets (Ofgem) approved a £28 billion investment in gas and electricity infrastructure, above £24 billion estimate, with £17.8 billion for gas and £10.3 billion for electricity over five years.
UK households will face a £108 increase in energy bills.
After projected savings, the net increase is about £30.
The government will cut £150 from energy bills next April after ending the Energy Company Obligation scheme.