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BBCNEWS Breakfast June 4, 2024 05:32:00

The energy price cap set by the regulator 0fgem. that is the maximum amount that suppliers are allowed to charge per unit of gas and electricity for what it calls a typical household. that fell to about £2000 last month. that s a drop of 17% in annual bills for anyone on a standard tariff for gas and electricity, paying by direct debit, which is most households. as a reminder of how we got here, when the cap launched, it wasjust over £1,000. when the cap launched, and that figure remained largely the same until it reallyjumped in october last year. that was due to high wholesale energy prices, partly as a result of the war in ukraine. the government then stepped in last autumn with its own support scheme to help households, the energy price guarantee, which capped unit charges untiljune this year, so a typical household s annual bill would be £2,500. ....

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