Energy Price Cap to Fall by 7% – But Bills Still Higher Than a Year Ago
Today, Ofgem announced that the energy price cap will fall by 7% from 1 July, reducing average annual bills for typical households on standard tariffs from £1,849 to £1,720. The cap sets the maximum rate suppliers can charge for each unit of energy for customers on default tariffs in England, Scotland and Wales. While the…
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