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

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.
ذریعہ: Daily_Record - 🏆 9. / 89 مزید پڑھ »

Energy bills to fall for households 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.
ذریعہ: LBCNews - 🏆 75. / 59 مزید پڑھ »

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
ذریعہ: LiveLancs - 🏆 10. / 87 مزید پڑھ »

Small firms urge Ofgem to act over spiralling energy standing charges on billsOne small business owner claimed their standing charge had grown 13 times bigger in three years, the Federation of Small Businesses said.
ذریعہ: itvnews - 🏆 69. / 61 مزید پڑھ »

Ofgem told rules on standing charges 'need to change' as energy bills soarOfgem said it agreed that 'too many businesses get unexplained price hikes from suppliers'
ذریعہ: MENnewsdesk - 🏆 23. / 69 مزید پڑھ »