Energy bills to drop in July after Ofgem decreases price cap
Video Credit: ODN - Duration: 00:36s - Published
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.
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Money Saving Expert Martin Lewis welcomed the price cap drop with caution saying it's ânothing to write home aboutâ. It comes as households across Britain are expected to see their energy bills..
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