Govt: Good news for families as energy bills to fall
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Govt: Good news for families as energy bills to fall
The energy security secretary says the announcement that the average household energy bill is to fall to its lowest point in two years from April is "good news for families".
Claire Coutinho says this will reduce the average energy bills by £250, as Ofgem lowers its price in response to wholesale costs.
Report by Brooksl.
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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
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."
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