Ofgem makes decision due to falling cost of gas and power on wholesale market
Gas and electricity bills will fall for about 15m households this summer after the energy regulator, Ofgem, reduced its price cap on standard bills in response to falling global energy markets.
The price of the average dual-fuel energy bill will fall by £17, from £1,179 to £1,162, for 11m households that use a standard variable energy tariff to buy their energy. There will be a similar cut for the 4m homes that have a prepay meter, with the average price of gas and electricity to fall from £1,217 to £1,200
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