Energy price cap falls significantly as Ofgem reveals new level for average bills

New energy price cap rates revealed by Ofgem

Ofgem announced the energy price cap will be lowered from July 1 after a drop in the wholesale price of gas and oil

Energy Bills to Fall From July After Cut to Ofgem's Price Cap

Household energy bills in the UK will fall from July after the energy regulator lowers its price cap from the current £3,280 per year to £2,074. Ofgem said the £1,206 reduction to the cap—which will come into effect on July 1—reflects recent falls in wholesale energy prices. The price cap has rocketed from £1,162 a year for a typical household in August 2021 to its current level, having briefly reached £4,279, with the COVID-19 pandemic and Russ…

UK household energy bills to fall in July, bringing some relief in cost-of-living crisis

LONDON (AP) -- Britain's energy regulator said Thursday that the typical household energy bill will come down by around 400 pounds ($495) a year starting in July as global wholesale energy prices decline.

Ofgem energy price cap cut - what it means & exact date your bills will drop by £426

Ofgem has slashed the energy price cap, sparking a drop in energy bills for millions of households - here’s when your bills should reduce.

UK household energy bills to fall in July, bringing some relief in cost-of-living crisis

Britain's energy regulator said Thursday that the typical household energy bill will come down by around 400 pounds ($495) a year starting in July as global wholesale energy prices decline. The drop brings some relief to millions of people and businesses that have struggled to cope with sharply higher electricity and gas bills over the past 18 months. But many on lower incomes are still in the throes of a lingering cost-of-living crisis, as food…

UK household energy bills to fall in July, bringing some relief in cost-of-living crisis

Britain's energy regulator said Thursday that the typical household energy bill will come down by around 400 pounds ($495) a year starting in July as global wholesale energy prices decline. The drop brings some relief to millions of people and businesses that have struggled to cope with sharply higher electricity and gas bills over the past 18 months. But many on lower incomes are still in the throes of a lingering cost-of-living crisis, as food…