Energy Price Cap Decreases to £1,568 in Great Britain for Summer Season

Friday, 24 May 2024, 06:04

The energy price cap in Great Britain is set to reduce to £1,568 per year during the summer, driven by the decline in wholesale gas prices. Despite the decrease from £1,690, household bills remain significantly higher than they were three years ago. The adjustment, determined by Ofgem for 29 million households, will be effective from July through September.

https://store.livarava.com/1d3dae53-1995-11ef-a3d8-9d5fa15a64d8.jpg — Energy Price Cap Decreases to £1,568 in Great Britain for Summer Season

Great Britain's Energy Price Cap Adjustment

The energy price cap in Great Britain is set to reduce to £1,568 per year during the summer, driven by the decline in wholesale gas prices. Despite the decrease from £1,690, household bills remain significantly higher than they were three years ago.

Regulation by Ofgem

The adjustment, determined by Ofgem, applies to 29 million households and will be effective from July through September.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.