#ofgem

#ofgem

More than 8,000 people have asked Ofgem to block the move due to Elon Musk's clear political agenda. The company applied for a licence from the energy regulator last month.

"News of higher bills will not be welcomed by households, especially as winter approaches. While the added costs behind this forecasted rise are aimed at supporting those most in need, it does mean typical bills will increase despite relatively lower wholesale costs. It's a reminder that the price cap reflects more than just the market price of energy."

Charlotte Friel, director of retail pricing and systems at Ofgem, emphasized that millions of consumers rely on their smart meter for accurate readings and efficient billing, highlighting the importance of addressing faulty installations and connectivity issues.

Annual household energy bills in the UK are projected to rise by over 100 after Ofgem approved a 24 billion investment to upgrade the energy infrastructure.

We've heard nothing from industry about which of those scenarios might happen with the RTS switch-off, and it could be a combination of different issues.