Octopus Energy to pay £1.5m over prepayment meter billing error

Ofgem confirms 7% drop in prices

Households on the energy price cap will see a 7% reduction in their average annual payments from 1 July, Ofgem has confirmed. Ofgem's Tim Jarvis urged households on the price cap to "shop around" for savings as there are "better deals out there" despite the reduction in the default tariff. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Energy bills to drop in July after Ofgem decreases price cap

Household energy bills will drop by 7% from July, the energy regulator Ofgem announced on Friday. Ofgem's announcement is the first drop in the energy price cap for more than a year. Energy secretary Miatta Fahnbulleh welcomed the announcement, saying: "Bills going down will be a big relief for families who are under pressure with the cost of living. We have to continue the work of getting bills down for good." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn