Energy bills fall as new price cap comes into force

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A household in England, Wales and Scotland using a typical amount of energy will now pay £426 less a year.

A change to the energy price cap has come into force, reducing domestic gas and electricity bills - with a further, smaller fall expected this winter.

The actual amount paid by households will vary depending on the amount of gas and electricity they use.the "first act" of the energy crisis was overEnergy UK, which represents suppliers, said hundreds of extra staff had been hired by companies to ensure support is available. Under the new cap, which starts on Saturday and lasts for three months, the electricity unit rate is 30p per kWh, with a standing charge of 53p a day. The gas unit rate is 8p per kWh and the standing charge is 29p a day.

Customers are being encouraged to submit meter readings to ensure their direct debit calculations are accurate.About 29 million households are affected by the change in the cap, but there are some differences in typical payments. They include: A deadline has passed to claim the vouchers, which were given to people who could not have the £400 government discount knocked off their bill last winter. They include people on some prepayment meters. Millions of pounds went unclaimed.

An Ofgem spokesperson said: "This remains one of the most difficult and volatile periods in history for energy consumers. And while bills remain higher than before the energy crisis, it is great news that people will see them drop."

 

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