Energy Industry News

Families’ energy bills to fall by £122 as new energy price cap announced

  • 📰 Netmums
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Energy regulator, Ofgem's energy price cap is set to go down in July, meaning families will on average be paying less for their bills

Gas and electricity bills will fall for households this summer, after the UK’s energy watchdog Ofgem announced a new energy price cap. The cap is falling by 7% on 1 July, meaning energy bills will be the lowest they’ve been for two years. The annual cost for an average household’s energy bills will fall from £1,690 to £1,568

It affects the per unit cost of energy as well as the daily standing charge – this means your bills can go up or down when the energy price cap changes. What does this mean for my family? Money saving expert Martin Lewis has explained what this means for most households. What should I expect throughout the year? Experts believe that the price cap will rise again in October, possibly up 12% from the July rate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 42. in ERROR

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy bills to fall by £122 from July as new price cap announced by OfgemOfgem's energy price cap will fall by 7% from £1,690 to £1,568 from July 1.
Source: LBCNews - 🏆 75. / 59 Read more »

New Ofgem price cap will see energy bills drop by £122 from start of JulyHousehold energy bills will fall by 7.2 per cent from the current £1,690 to £1,568 from July 1, 2024.
Source: Daily_Record - 🏆 9. / 89 Read more »

Energy bills to fall by £122 for millions in July as new Ofgem price cap confirmedHow to take a meter reading
Source: TheSun - 🏆 64. / 61 Read more »

Ofgem energy price cap to fall by £122 a year for millions from JulyThe regulator announced it is dropping its price cap from the current £1,690 for a typical dual fuel household to £1,568
Source: LiveLancs - 🏆 10. / 87 Read more »

Martin Lewis says 'it is a nonsense' as energy bills to fall by £122 this summerThe average annual household bill will drop from £1,690 per year to £1,568 from July 1
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Calculate your energy bill as price cap fall to save you hundredsA typical household energy bill will fall by £122 a year in July
Source: EchoWhatsOn - 🏆 74. / 59 Read more »