Alok Sharma Britain Covid-19 pandemic recommendations Bill Alok Sharma Britain

Energy bills to be slashed by up to £95 for 15m households across UK

Reading now: 380
dailyrecord.co.uk

Ofgem has reduced its energy cap to their lowest level yet and said it will see around 15 million household bills slashed by as much as £95.

Officials said the new cap would pass on savings from lower energy prices to many households that are suffering economic hardship during the pandemic.

The price cap has been set at £1,042 per year for an average household and will come into force from October 1, Ofgem said. It's an £84 drop for customers on their supplier's standard tariff and a £95 drop for those with prepayment meters.

The new cap will remain in place for six months until Ofgem reviews it again. Ofgem also said it would recommend that business secretary Alok Sharma should extend the price cap into next year.

Read more on dailyrecord.co.uk
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA