Around 10 million households are being advised to submit energy meter readings to their suppliers due to the implementation of reduced prices. As of Monday , the average household energy bill has decreased by 7% following Ofgem's decision to lower its price cap in response to changes in wholesale prices. The regulator has reduced the cap from the previous £1,690 to £1,568 for a typical dual fuel household in England, Scotland and Wales, resulting in an annual saving of £122.
The average household is expected to spend £83 on energy in July, compared with £127 in June, due to the lower cap and lower usage due to warmer weather, comparison site Uswitch calculated. Households without smart meters or pay-as-you-go meters, of which there are approximately 29 million in the UK, should provide readings.
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