Britain’s energy price cap falls to £2,074 but households will see little relief

Consumers still paying almost twice as much for gas and electricity than in October 2021 despite lowering of Ofgem’s cap

Britain’s energy price cap cut: how the changes affect youBusiness live: all the latest news

Great Britain’s energy price cap has fallen to £2,074 a year, but the average household will still pay almost double the rate for their gas and electricity than before costs started to soar.

Around 27m households can expect a modest drop in energy bills this summer after the regulator Ofgem lowered the cap on the typical annual dual-fuel tariff to reflect a steep drop in global energy prices over recent months.

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