Ofgem slashes energy price cap 'but millions will still struggle to pay bills'

Ofgem has slashed the price cap on energy bills to £1,923 after wholesale energy prices fell further.

Ofgem chief executive Jonathan Brearley said: “It is welcome news that the price cap continues to fall, however, we know people are struggling with the wider cost of living challenges and I can’t offer any certainty that things will ease this winter.” NPC General Secretary Jan Shortt said: "Older people will still be paying considerably more for energy this winter than before the pandemic, and so far this winter no energy bills support payment has been promised. But there is undoubtedly a case for the government to step in, especially with so many charities and experts already predicting that those on low incomes will pay more for their energy than last winter - and last winter’s bills were double the winter before.

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