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Published 2 months ago

Energy bills to fall by £238 as new price cap revealed

  • Ofgem, the energy regulator, has announced that the energy price cap for dual fuel households in England, Scotland, and Wales will decrease by 12.3% from £1,928 to £1,690 from April 1.
  • This reduction in the price cap will result in the lowest energy charges since Russia's invasion of Ukraine in February 2022, which caused a spike in the wholesale market.
  • Ofgem will introduce a temporary payment of £28 per year to help struggling customers, which will be added to the bills of direct debit or standard credit paying customers.
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