From October the energy Price Cap will drop by around 1%, reducing the average household bill by about £20 to roughly £1,700 a year. The decrease reflects stable wholesale energy prices and provides a modest easing for households heading into winter after years of rising costs. Despite the reduction, bills remain substantially higher than before the energy crisis and continued support is being expanded through the Warm Home Discount to help a further 2.7 million homes. Prices are expected to remain steady into January. A small annual increase of about £25 is anticipated thereafter to fund vital upgrades to the UK's energy infrastructure and to support increased renewable energy deployment.
From October, the energy Price Cap will drop by around 1%, meaning the average household bill will fall by about £20 to £1,700 a year. This small decrease reflects stable wholesale energy prices and offers a welcome pause for customers heading into winter, where prices have risen in recent years.
Despite this, bills are still significantly higher than before the energy crisis, and support is being expanded to help a further 2.7 million homes through the Warm Home Discount. Looking ahead, prices are expected to stay steady into January, before a small annual increase of about £25, to fund vital upgrades to the UK's energy infrastructure and support more renewable energy.
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