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Ofgem confirms 7% drop in prices

Video Credit: ODN - Duration: 01:06s - Published
Ofgem confirms 7% drop in prices

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.

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Ofgem Ofgem United Kingdom government non-ministerial department

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Credit: ODN    Duration: 00:36Published

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