Energy bills to fall by up to £95 as Ofgem cuts price cap
Written by Hit Music Radio News on 07/08/2020
Ofgem has said it will cut bills for around 15 million households by up to £95 after reducing its cap on energy bills to the lowest level yet.
The price cap has been set at £1,042 per year for an average household and will come into force from October, Ofgem said.
It is an £84 drop for customers on their supplier’s standard tariff and a £95 drop for those with prepayment meters.
© Sky News 2020