Energy Price Cap Reduction: Relief for Households

OFGEM announces a 7% price cap reduction for dual fuel, benefiting average households. Direct debit payments drop to £1,568 annually—a £122 decrease. Prepayment meter users will pay £1,522 yearly. Changes effective from July 1 to September 30, 2024.

OFGEM: * FOR AN AVERAGE HOUSEHOLD PAYING BY DIRECT DEBIT FOR DUAL FUEL THIS EQUATES TO £1,568, A DROP OF £122 OVER THE COURSE OF A YEAR.

* PRICE CAP WILL FALL BY 7% FROM 1 JULY TO 30 SEPTEMBER 2024 * AVERAGE HOUSEHOLD PAYING BY PREPAYMENT METER FOR DUAL FUEL WILL PAY £1,522 OVER THE COURSE OF A YEAR. Source text for Eikon: Further company coverage: [ ]