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Energy bills to fall by up to £95 as Ofgem cuts price cap

Written by 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

© Sky News 2020

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