"Energy bills are at the front of everybody's mind, and I know they've been too high for too long. The prime minister said the price cap drop will mean lower energy bills for millions across the UK, but added that there is more to do and my government is pulling every lever to bear down on the cost of living and protect the pound in the pockets of working people."
"Ofgem announced on Wednesday morning that it had reduced the energy price cap by 117 to 1,641 a year for a typical dual fuel household. The energy regulator estimated the change to the energy price cap amounted to a reduction of around 10 a month for the average household using both electricity and gas."
Ofgem announced a 7% reduction in the energy price cap, effective in April, lowering bills for typical dual fuel households by £117 annually to £1,641. This reduction represents approximately £10 monthly savings per household. Prime Minister Sir Keir Starmer acknowledged that energy bills have been too high for too long and emphasized the government's commitment to bearing down on living costs. Chancellor Rachel Reeves had previously promised a £150 cut from average household bills starting in April. The price cap adjustment aims to provide relief to millions of UK households while the government continues pursuing additional measures to protect household finances and support working people.
Read at www.independent.co.uk
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