Energy price cap in Great Britain to fall to £1,568 in summer

Drop from £1,690 driven by fall in wholesale gas prices but household bills still substantially higher than three years ago

Business live – latest updates

The energy price cap in Great Britain will fall 7% to the equivalent of £1,568 a year this summer after a drop in wholesale gas prices.

Set by the energy regulator Ofgem, the cap reflects the average annual dual-fuel bill for 29m households and takes effect from July until the end of September.

Continue reading… Drop from £1,690 driven by fall in wholesale gas prices but household bills still substantially higher than three years agoBusiness live – latest updatesThe energy price cap in Great Britain will fall 7% to the equivalent of £1,568 a year this summer after a drop in wholesale gas prices.Set by the energy regulator Ofgem, the cap reflects the average annual dual-fuel bill for 29m households and takes effect from July until the end of September. Continue reading…