Average household energy bill to fall by 426 from July amid Ofgem price cap cut
The average household energy bill will fall by £426 a year from July after Ofgem dropped its price cap following tumbling wholesale prices. The regulator announced it is cutting its price cap from £3,280 to £2,074 from July 1, marking the first time consumers on default tariffs have seen their prices fall since the global gas crisis took hold more than 18 months ago. At its peak, the price cap reached £4,279