Average energy bills set to fall as Ofgem announces new price cap

Brits should soon see their energy bills fall after Ofgem announced its latest price cap - but there is a warning the news is not 'a sign of stability'. The energy regulator has lowered its price cap in response to wholesale energy prices.

READ MORE: 'I'd always been a curvy girl. By the time the truth came out, I'd turned to skin and bone' Ofgem said the average household on a prepayment meter for dual fuel would pay £1,522 over the course of a year, while those paying by standard credit would pay £1,668. The price cap 'assumes' a standing charge - the flat amount all households pay to have energy delivered to their homes - of £334 for a dual fuel customer and £369 for those who pay by standard credit. Those figures are unchanged from the last price cap.

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