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New UK PM will need to take urgent action on energy bills – Ofgem CEO

Published by Uma Rajagopal

Posted on August 26, 2022

1 min read

· Last updated: February 4, 2026

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Wind turbines and electricity pylons symbolize UK's energy crisis amid rising bills - Global Banking & Finance Review
This image features wind turbines and electricity pylons, illustrating the urgent energy crisis in the UK. As reported, energy bills are set to rise significantly, prompting calls for immediate government action.
UK economy household budgets Energy bills financial management
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LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, the chief executive of energy regulator Ofgem Jonathan Brearley said on Friday, warning prices looked set to rise further. “The prime minister, with his or her ministerial team, will need to act urgently and decisively […]

LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, the chief executive of energy regulator Ofgem Jonathan Brearley said on Friday, warning prices looked set to rise further.

“The prime minister, with his or her ministerial team, will need to act urgently and decisively to address this. All of us, with the government, need to get ahead of this problem and manage it on behalf of customers,” he told BBC Radio, after Ofgem announced average annual household energy bills will rise by 80% from October to 3,549 pounds.

(Reporting by Kylie MacLellan; Editing by Kate Holton)

Frequently Asked Questions

What are energy bills?
Energy bills are the charges incurred by households for the consumption of electricity, gas, or other forms of energy. These bills can vary based on usage, energy prices, and provider rates.
What is Ofgem?
Ofgem is the Office of Gas and Electricity Markets in Great Britain, responsible for regulating the electricity and gas markets to protect consumer interests and promote competition.
What is inflation?
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is often measured by the Consumer Price Index (CPI).

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