Two million energy customers are due £240m from old accounts, says Ofgem

Ofgem, the energy regulator, is encouraging home movers to check for unclaimed energy credits, with a staggering 1.9 million people potentially owed £240 million. This is important because many individuals may not realize they have money waiting for them in old accounts, and claiming these credits could provide much-needed financial relief. It's a reminder to stay informed about your energy accounts and ensure you're not missing out on funds that rightfully belong to you.

Ofgem's recent proposal to write off £500 million in energy debt could provide relief for thousands of customers struggling with unpaid bills. However, this move means that other billpayers will likely see an increase in their energy costs to cover the shortfall. This situation highlights the ongoing challenges within the energy sector and raises questions about the fairness of distributing costs among consumers.

Ofgem, the energy regulator, is set to cancel up to £500 million in energy bill debt, a move aimed at addressing the unprecedented levels of arrears faced by consumers. This decision is significant as it not only alleviates financial burdens for many households but also reflects a proactive approach to managing the energy crisis. While there will be a slight increase in bills to fund this initiative, the overall impact is expected to provide much-needed relief to those struggling with debt.

Ofgem is considering writing off £500 million in energy debt, potentially benefiting 195,000 households. This move could alleviate financial pressure on many families struggling with energy costs, as the average billpayer currently faces an additional £52 a year due to energy debt. If implemented, this initiative would not only provide immediate relief but also promote financial stability for those affected, making it a significant step towards addressing energy affordability.

Bulgaria has implemented partial restrictions on fuel exports to EU countries following US sanctions against Russia's Lukoil, raising concerns about security and supply within the bloc. This move highlights the ongoing tensions between Western nations and Russia, particularly in the energy sector, and could have significant implications for fuel availability in Europe as countries navigate the complexities of sanctions and energy dependence.

Nigeria has pledged to intensify its efforts against extremism following President Trump's decision to add the country to a watch list. This move highlights the ongoing challenges Nigeria faces with terrorism and violence, and the government's commitment to addressing these issues is crucial for national stability and international relations.

Brazil's Azul has successfully reached an agreement with its unsecured creditors during its Chapter 11 proceedings, marking a significant step towards financial recovery. This deal is crucial as it allows the airline to restructure its debts and continue operations, which is vital for maintaining jobs and services in the aviation sector. The resolution of these negotiations not only stabilizes Azul but also boosts confidence in Brazil's airline industry as it navigates post-pandemic challenges.

Berkshire Hathaway has sold $6.1 billion worth of stock, leading to record cash reserves for the conglomerate. This move comes as Warren Buffett, the company's iconic leader, prepares for retirement. The sale reflects Buffett's strategy to maintain liquidity and possibly invest in future opportunities, which is crucial for the company's ongoing success and stability.

Southwest Airlines, once celebrated for its exceptional customer service, is facing criticism due to recent changes that may prevent some customers from flying. According to JD Power's 2025 North American Airline Satisfaction Study, Southwest has ranked highest in customer satisfaction in the economy segment for four consecutive years. However, these new policies could undermine that reputation, raising concerns among loyal customers about their travel options and the airline's commitment to service.

Berkshire Hathaway has reported record cash levels alongside rising profits, a sign of the company's strong financial health. This is particularly significant as it comes at a time when speculation about Warren Buffett's eventual exit from the company is growing. Investors are keenly watching how Berkshire navigates this transition, making the current financial performance a crucial indicator of its future stability.