UK energy bills to fall after Ofgem lowers price cap by 7%

The drop will save households an average of £151 (€175) compared with the previous quarter

The drop represents the lowest level since October 2021 and reflects further falls in wholesale energy prices

Millions of British households will have cheaper energy bills from October after British energy markets regulator Ofgem cut its price cap again to reflect a further fall in wholesale power and gas prices.

Ofgem on Friday lowered its price cap on household energy bills by about 7% from October 1st 1 to £1,923 (€2,241) a year for a typical dual-fuel household.