Energy bills to fall from July after cut to Ofgem’s price cap

Ofgem is lowering its energy price cap from the current £3,280 per year to £2,074 for the average household in England, Wales and Scotland, effective from July 1, it has announced.The lower cap will replace the Government’s Energy Price Guarantee , which currently limits the typical household energy bill to around £2,500.

Ofgem chief executive Jonathan Brearley said more focus will be needed for government, the regulator and the industry to support the most vulnerable groups this winter.

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