Energy Bills to Fall From July After Cut to Ofgem’s Price Cap

Energy Bills to Fall From July After Cut to Ofgem’s Price Cap
A household energy bill displayed on a mobile phone held next to a gas hob, in a file photo dated Aug. 25, 2022. Yui Mok/PA Media
Alexander Zhang
Updated:

Household energy bills in the UK will fall from July after the energy regulator lowers its price cap from the current £3,280 per year to £2,074.

Ofgem said the £1,206 reduction to the cap—which will come into effect on July 1—reflects recent falls in wholesale energy prices.