US EditionEnergy 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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Bournemouth Echo+13 Reposted by 13 other sources
Energy bills set to fall by £238 as price cap falls to lowest mark in two years
The average household in England, Wales and Scotland will see energy bills fall by £238
·Bournemouth, United Kingdom
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Leaning Left10Leaning Right9Center7Last UpdatedBias Distribution38% Left
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