Energy bills to fall from July after cut to Ofgem’s price cap

Ireland News News

Energy bills to fall from July after cut to Ofgem’s price cap
Ireland Latest News,Ireland Headlines
  • 📰 nottslive
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 52%

Breaking news

Ofgem is lowering its energy price cap from the current £3,280 per year to £2,074 for the average household in England, Wales and Scotland, effective from July 1, it has announced.The lower cap will replace the Government’s Energy Price Guarantee , which currently limits the typical household energy bill to around £2,500.

Ofgem chief executive Jonathan Brearley said more focus will be needed for government, the regulator and the industry to support the most vulnerable groups this winter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nottslive /  🏆 96. in UK

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ofgem to announce new energy price cap - how it will affect billsOfgem to announce new energy price cap - how it will affect billsOfgem is set to confirm the new energy price cap within days
Read more »

Commission Recommends EU To Stop Energy Bills Support By Year-End | OilPrice.comCommission Recommends EU To Stop Energy Bills Support By Year-End | OilPrice.comEuropean Union member states should end financial support for energy bills by the end of 2023 in order to keep budget and fiscal targets within the recommended limits
Read more »

'Everyone deserves help': Survivor backs suicide support in every workplace'Everyone deserves help': Survivor backs suicide support in every workplaceSuicide is the biggest killer of men under the age of 50 and it is estimated that 17 million working days are lost each year to depression, stress and anxiety.
Read more »

Energy price cap fall of £37 a month set to relieve pressure on GovernmentEnergy price cap fall of £37 a month set to relieve pressure on GovernmentThe state will no longer subsidise energy bills from July as the price cap falls below the maximum level set by the Treasury
Read more »



Render Time: 2025-02-27 04:22:59