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UK households will see bills fall £84 this winter as new energy price cap kicks in

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www.mirror.co.uk

More than 15million people in the UK will see their bills falls this winter as a new energy price cap comes into force on default and prepayment tariffs.

Ofgem, the UK's energy regulator, said the cap will fall from £1,126 to £1,042 from October to March, in the lowest fall since the scheme was introduced last year.

It estimates that 11million households on default energy tariffs will save £84 as a result, while 4million on prepayment metres will see their bills fall £95 over winter.

The reduction is due to a sharp decrease in wholesale gas prices since the cap was last updated in February, Ofgem said. It said the coronavirus crisis has depressed energy demand, although wholesale gas prices have started to recover since hitting 20 year lows

Read more on mirror.co.uk
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