Three things you should do today before price cap change comes in tomorrow

manchestereveningnews.co.uk:

Households across the country will see a major change to their energy bills this weekend. From Saturday, July 1, households will pay less for gas and electricity.

The average household energy bill will fall by £426 a year following Ofgem's new price cap of £2,074 coming into place. The energy regulator is cutting its price cap from £3,280 per year, providing some relief to customers who have seen energy bills soar from £1,271 a year in October 2021 due to a global pricing crisis.

However, households have somewhat been protected by worsening prices due to the government's Energy Price Guarantee which capped them at £2,500 - this will no longer be in place as Ofgem's price cap will fall below the EPG. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features A spokeswoman for Energy UK, which represents suppliers, said: “The fall in the price cap from July will be welcome news for customers who have had to face record energy bills over the last year amidst a steep rise in the cost of living and for whom the Government’s bill support has been crucial in preventing even bigger difficulties.

However, bills remain much higher than they were 18 months ago and many customers will continue to struggle, especially following the removal of some of that support. “If – as the current projections indicate – annual bills of £2,000 plus become the new normal, it underlines the importance and urgency of the energy industry, Ofgem, Government and consumer groups working together to put in place targeted support for those most in need next winter.” To help prepare you for the changing prices, we've broken down three key things billpayers should do before tomorrow. Join our WhatsApp Top Stories and