Energy Bills to Drop for UK Households by £129 After Ofgem Price Cap Change
- Ofgem announced on 24 May 2025 that the energy price cap will fall by £129 to £1,720 from July 2025 for UK households.
- This decrease comes after drops in wholesale gas and electricity costs amid ongoing challenges from market volatility and expenses related to decarbonisation.
- Average energy bills remain about 10% higher than last year and around 65% above winter 2020/21 levels despite the forthcoming price cap drop.
- Matt Turner-Tait of BFY Group noted that bills have fallen by approximately £134 from the April figure of £1,849, providing some financial relief for households.
- Experts warn that without urgent government reform and full funding of the Warm Homes Plan, millions will continue facing unaffordable bills and cold homes.
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32 Articles
32 Articles
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Left
5
Center
11
Right
2
Coverage Details
Total News Sources32
Leaning Left5Leaning Right2Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 28%
C 61%
11%
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