UK energy regulator Ofgem announces a 7% drop in energy bills for typical households, setting the new cap at £1,574 per annum from July 1st.

UK energy regulator Ofgem is expected to announce a 7% drop in energy bills for typical households from July 1st, with the new cap for a dual-fuel household set at £1,574 per annum, down from £1,690. The energy price cap, which sets a maximum limit on gas and electricity prices, is set to fall for the first time since October 2021, offering relief to households despite prices remaining higher than pre-crisis levels.

May 20, 2024
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