The price cap will reduce from October 1.
Ofgem has slashed the price cap on energy bills to £1,923 after wholesale energy prices fell further, it announced on Friday.
This means that the average household bill will end up at around £1,923 per year, according to the regulator’s calculations. Because the cap decides the per unit charge, households that use more will pay more.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy bills to fall below £2,000 for average household this autumn, regulator Ofgem saysEnergy regulator Ofgem has confirmed the average household bills are to come down to \u00a31,923 this autumn.
Read more »
Ofgem fines Morgan Stanley £5.4m after traders spoke via WhatsAppThe US bank had been unable to hand over communications that took place between 2018 and 2020, the regulator said.
Read more »
Ofgem fines Morgan Stanley £5.4m after traders spoke via WhatsAppThe US bank had been unable to hand over communications that took place between 2018 and 2020, the regulator said.
Read more »
- latest: Energy price cap to fall - here's what analysts are predictingOfgem is announcing the new energy price cap this morning, which will come into force on 1 October.
Read more »
Energy bills to fall by £151 for millions in October as new price cap confirmedENERGY bills are set to fall by £151 for millions of households this winter. The energy regulator Ofgem has confirmed the new price cap, which comes into effect on October 1. The cap has …
Read more »
Sheikh Jassim set to complete his full £6 billion takeover of Man United by mid-OctoberThe Glazers have reportedly accepted Sheikh Jassim's bid.
Read more »