Ofgem
This coverage examines Ofgem, the UK energy regulator whose oversight of pricing, licensing and market stability affects operational costs and energy resilience for petcare businesses. Pet Gazette reports on reforms to Ofgem’s powers, non‑domestic market regulation, and implications for commercial energy tariffs, supply contracts, and supplier stability. Our editorial includes business news, regulatory analysis, and case studies tailored to pet retailers, wholesalers, importers, and supply‑chain managers who depend on reliable, cost‑effective energy provision in their operations.
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Jul- 2023 -28 JulyEconomy
Ofgem publishes energy reform proposals to help businesses
Energy regulator Ofgem has announced a number of reform proposals to improve the standards of customer service for businesses. The new proposals are a result of a consultation with stakeholders over the non-domestic energy market which found that small businesses do not always get the right customer service. The consultation…
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Aug- 2022 -26 AugustEconomy
Energy price cap to rise by 80% to £3,549 from October
Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual fuel for an average household from 1 October 2022. The rise will affect those on standard variable tariffs, with the record annual bill only being based on typical usage. At…
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Jun- 2022 -16 JuneEconomy
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its fifth rise in a row as it bids to offset the impact of rising inflation. The Monetary Policy Committee voted by a majority of 6-3 to increase the rate to…
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Feb- 2022 -3 FebruaryEconomy
Energy price cap to rise 54% from April
Retail bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase by 54% from 1 April amid a “record” increase in global gas prices, in a move that is set to affect approximately 22 million customers. Energy regulator Ofgem announced that…
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