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Major change to energy bills in July will save you £500

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The exact figure you can save will be announced next week

A major change to energy bills coming in July looks set to save everyone 7% on the cost of their gas and electricity. The new price cap will come into effect at the start of the month, cutting how much companies can charge you for your energy.

The price cap changes every three months and is expected to go up again in October and then down next January. The actual figure fr July will be announced on May 24.

 

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Boost for households as energy bills set to be £500 lower than last summerCornwall Insight predicts the price cap will fall by another 7% on 1 July when the latest change to it takes effect
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