The wholesale price of gas has come downs and bills should drop in October - but some people are going to pay more than they did last year
The boss of Ofgem has warned that bills could be higher for some households this winter despite a big drop in wholesale energy prices, as he vowed to fully focus on ensuring customers are protected this winter. Jonathan Brearley said that the lack of Government support this winter when compared to last, means that bills are not going to be lower for many struggling families than they were.
“The market is more stable, it is less volatile and prices are lower than this time last year. This time last year, we were anticipating and seeing prices at around £4,200 a year without Government support. And last year, Government did step in to give tens of billions of pounds of support to customers.
Last winter the median household in the UK paid an annualised energy bill of around £2,100 after taking off thousands of pounds of Government support. Without that support bills would have been around twice as high.
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