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Household energy bills to drop by £117 from April after Ofgem lowers energy price cap
Ofgem cuts the energy price cap by £117 annually to £1,641 for typical dual-fuel households, reflecting a 7% reduction driven by government policy cost changes.
- Ofgem will cut the energy price cap by £117, lowering the annual bill for a typical dual-fuel household to £1,641 from April 1.
- The Chancellor said in November that £150 would be cut from the average household bill from April by scrapping the Energy Company Obligation scheme.
- Cornwall Insight said the changes will reduce the cap by about £145 a year once VAT and pricing allowances are taken into account.
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Total News Sources25
Leaning Left7Leaning Right5Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
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