Energy bills to fall by £122 for millions in July as new Ofgem price cap confirmed

MILLIONS of households will soon breathe a new sigh of relief as energy bills are to fall again in July.But bear in mind that the price cap is reviewed every three months, so your annual bill could still change.said it will cut the price that a supplier can charge for gas from 6.04p per kWh today to 5.48p from July 1.The standing charges, a fixed daily amount you have to pay for energy, no matter how much energy you use, have changed slightly too.

The invasion caused a spike in an already turbulent wholesale energy market, driving up costs for suppliers and customers. You'll then need to multiply each standing charge by 365 and add this figure to the totals for your usage - this will then give you your annual costs. For example, E.ON Next's Pledge variable tariff offers a fixed discount of around three per cent on the price cap rates for 12 months.

But beware so you don’t end up in debt later on with a bigger catch-up bill at the end of the year from underpayments racking up.fixed deals

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