The latest price slash means the cap will again see bills reduce from £2,500 to £2,074 – a drop of around 17 per cent.
. I'm relentlessly focused on reducing our reliance on foreign fossil fuels and powering up Britain from Britain to deliver cheaper, cleaner and more secure energy."
Francis said:"And after months of inflation and the wider cost of living crisis, people are even less able to afford these high energy bills. The UK Government needs to use the summer to fix Britain's broken energy system because, for millions of people, the energy bills crisis is far from over. The cap does not set the maximum a household will pay for their energy but limits the amount providers can charge per unit of gas or electricity, so those who use more energy will pay more. The standing charge, roughly £300 paid yearly to access gas and electricity, has not been included in the cap and will not fall; energy is regulated separately in Northern Ireland, with bills holding at £1,950.
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