A typical household's annual energy bills are set to fall to £1,926 from October, according to a forecast from consultancy firm Cornwall Insights
Latest energy bills news as costs set to fall in October under Ofgem’s new price capOfgem’s price cap, which governs what millions of people pay for their gas and electricity, is expected to fall to £1,925 when it is announced next week, according to the latest forecast from analysts at Cornwall Insight.
The figure will be a seven per cent reduction in the amount that the average household pays for its energy every year, and the lowest the cap has been since March 2022.
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