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Households set for lower energy bills amid price cap shake-up
Ofgem’s price cap cut will reduce typical dual-fuel bills by about £117 to £145, mainly through lower electricity unit rates, reflecting lower wholesale costs and policy changes.
- On April 1, 2026, Ofgem will lower the regulated price cap, cutting household energy bills by around 7%.
- The Government promised an average £150 cut, with lower wholesale prices driving the reduction despite recent volatility.
- Applying mainly to electricity unit rates, the reduction is partly offset by network charges and VAT and pricing allowances, affecting actual savings in the coming weeks.
- Energy UK welcomed the move, while customers will receive supplier communications in the coming weeks explaining individual bill impacts.
- Looking ahead, analysts say wholesale volatility means Cornwall Insight expects the cap to remain relatively steady through 2026 with only a small rise forecast in July.
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38 Articles
Evening Standard+37 Reposted by 37 other sources
Households set for lower energy bills amid price cap shake-up
Chancellor Rachel Reeves said last November that £150 would be cut from the average household bill from April.
·London, United Kingdom
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Total News Sources38
Leaning Left3Leaning Right0Center29Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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