Energy bills to fall for millions across UK - what does it mean for me?

People will still pay per unit of electricity or gas that they use The energy bill for an average British household will fall by 7% this summer, after the regulator Ofgem cut its price cap. Currently, the cap for a typical ‘dual fuel’ home is £1,690 – but from July, that will drop to £1,568. Most homes won’t be paying that precise amount, as the figure is based on an average of energy usage. But bills should tumble around the country as a result.

The regulator’s boss Jonathan Brearley told MPs on Wednesday that the price is still ‘significantly higher’ than before disruptions like the Ukraine war and Covid, and that the ‘best estimate is that prices are going to stay high and volatile over time’. Analysts believe it’s likely the cap will be increased again in October before it potentially falls again in January next year.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Average energy bills set to fall as Ofgem announces new price capBut experts warn the announcement does not mean 'stability'
Источник: MENnewsdesk - 🏆 23. / 69 Прочитайте больше »

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.
Источник: LBCNews - 🏆 75. / 59 Прочитайте больше »

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.
Источник: Daily_Record - 🏆 9. / 89 Прочитайте больше »

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

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'
Источник: MENnewsdesk - 🏆 23. / 69 Прочитайте больше »

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.
Источник: itvnews - 🏆 69. / 61 Прочитайте больше »