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Energy price cap: average annual bill will fall from July, announces Ofgem | Business News

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The average annual energy bill will be £506 cheaper than a year ago from July, the sector regulator has announced.

The energy price ceiling – which limits what can be charged per unit of energy – is expected to fall from the following month onwards.

This means that the average bill will be £1,568 per year, 7% less than the current annual bill.

Energy regulator Ofgem sets the limit four times a year, with the latest announcement applying from July to September.

Although it is a reduction, bills are still more expensive than before the COVID-19 pandemic.

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This story originally appeared on News.sky.com read the full story

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