Energy industry regulator Ofgem is lowering the price cap by £17, reducing energy bills for millions of British consumers. The new default price cap and pre-payment meter ceiling will begin in April with an estimated 15 million households affected.
The default price cap currently protects about 11 million households and will be reduced from £1,179 to £1,162. The pre-payment meter cap protects another 4 million households and will drop from £1,217 to £1,200 per year. These changes will last for six months between April and September.Read More