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UK household energy bills to fall after Ofgem lowers price cap 7pc
- On May 23, 2025, Ofgem revealed that the energy price cap is set to decrease to £1,720 starting in July, leading to lower household energy bills throughout the UK.
- This decrease comes after a drop in wholesale energy costs and aligns with the usual seasonal reduction in demand during summer, although market indicators suggest prices may remain steady throughout the winter months.
- Households on capped tariffs will save about £129 yearly, while fixed tariffs like E.ON Next’s 12-month deal offer additional savings of around £250 to £300 compared to the cap.
- Experts note the cap is nearly 50% higher than in 2019, energy bills remain much higher than pre-crisis levels, and pressures like decarbonisation and inflation could offset some savings.
- Advocates stress this short-term relief must not replace urgent reforms and full funding of the Warm Homes Plan to ensure long-term bill reductions and energy security.
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Ofgem’s 7 Percent Energy Price Drop Isn’t a Win for Consumers: Experts
A 7 percent reduction in energy prices announced by Ofgem simply restores prices to where they were at the beginning of the year, leaving energy bills higher than they were 12 months ago, experts have warned. From July to Sept. 30, the typical household paying by Direct Debit will save £11 a month, the regulator said on Friday. Prime Minister Sir Keir Starmer described the announcement on social media platform X as “welcome news, saving money fo…
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Total News Sources57
Leaning Left9Leaning Right5Center21Last UpdatedBias Distribution60% Center
Bias Distribution
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60% Center
L 26%
C 60%
14%
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