Energy Bills to Drop for UK Households by £129 After Ofgem Price Cap Change
- Ofgem announced that the energy price cap will drop by about £129 from July 2025, lowering average household bills across Great Britain.
- This adjustment reflects a decrease in wholesale gas and electricity costs, influenced by the usual drop in demand during summer and anticipated signals from the market.
- Despite the cap decrease, average energy bills remain nearly 10% higher than last year and 65% above winter 2020/21, with fixed tariffs still offering better savings.
- Simon Francis noted that although short-term relief is welcome, long-term issues persist, and the Warm Homes Plan offers a needed fix for affordability and energy security.
- Without urgent reform and sustained investment, millions will face ongoing hardship from unaffordable bills, volatile fossil fuel costs, and rising operational pressures on suppliers.
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26 Articles
26 Articles
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Left
4
Center
8
Right
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Coverage Details
Total News Sources26
Leaning Left4Leaning Right2Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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