Sunak hails £238 drop in families' energy bills
The drop by 12.3 per cent brings the cap for average use down from £1,928 to £1,690 from April 1.
Stay updated with breaking news from Ofgem. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The drop by 12.3 per cent brings the cap for average use down from £1,928 to £1,690 from April 1.
An estimated five million energy customers are struggling with their bills, with debts and arrears hitting a record level of £3.1bn according to industry regulator Ofgem.
The cap on gas and electricity charges will fall from April, the energy regulator confirmed on Friday, cutting most household bills.
Domestic gas and electricity bills could fall sharply in April but many are still struggling to pay.
The Ofgem price cap does not set an actual limit on what you could pay for energy - instead, it puts a cap on the unit price of gas and electricity, as well as standing charges