Energy bills to drop to two-year low with new energy price cap

Energy price cap

Ofgem, the energy regulator in the United Kingdom, has recently introduced a new price cap effective from 1 April.

This price cap will result in a decrease of £238 in the annual energy costs for an average household using both gas and electricity and making payments through direct debit.

Following this adjustment, the energy price cap will be reduced from £1,928 to £1,690 per year, marking a decrease of around 12%.

It is important to note that the final amount paid by consumers will depend on their individual energy usage, location, and meter type.

Read more: New price cap to drive energy bills to two-year low - Energy Live News

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