Full list of new energy rates and standing charges for each UK region to come into effect on Monday
manchestereveningnews.co.ukThe energy price cap is set to fall after this weekend. Ofgem confirmed that it will drop the cap from £1,690 to £1568 from July 1 - an overall price drop of £122.
However, it's important to note that the price cap is not a hard limit on what customers will pay each month. Instead, it is a cap on the full price that energy companies can charge to use their service as well as per unit of energy used in each household.
This means your bills could be lower or higher depending on how much you use. The cost per unit of energy is the key factor that is dropping across the country.
However, standing charges, which are applied each day, are set to increase significantly. These rates may also vary depending on your energy contract and which region you live in.
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