Ofgem has confirmed that the domestic energy bills will fall by about 7 percent in July Latest price cap update,
The regulator said on Friday that the typical bill is expected to fall by £ 129 when its new price cap is applied.
Price cap, which determines the limit of how many firms per unit per unit can charge customers per unit, currently about 1,849 pounds for a specific house after three consecutive increase in bills.
It comes after US President Donald Trump Aggressive tariff schemes Leaded an important recession in gas and oil prices.
However, in recent weeks, trading is slightly lower than the forecast of a decline of 9 percent after reducing stress in recent weeks.
The news of the decline in energy cost will come as a relief for homes, who were suffering through one Bill’s “terrible April” risesIncluding the final 6.4 percent value cap of OFGEM.
At least since February 1988, with the biggest increase in water bills, under-pressure houses have also been killed, along with council tax, mobile and broadband tariffs as well as standing bills for road tax.
Consumer Price Index (CPI) inflation due to increase in bill Jumping up to 3.5 percent2.6 percent in March and the highest since January 2024.
On Monday, Craig Lovre, leading advisor to the Cornwall Insight said: “The decline in the price cap is a welcome development and will bring the place of breathing for homes after a long period of high energy cost.
“This is a step in the right direction, but it should be taken in reference.
“Prices are falling, but the cost-lived is not enough for many houses struggling under the weight of the crisis, and the bills are above the levels seen in the beginning of the decade.
“In this way, there is a risk that energy will be ineffective for many people.”
However, Matthew Cole, CEO of Fuel Bank Foundation, warned the decline in the energy price cap from July this week, which will “not far for those” who are already struggling to end “.
“People are still being forced to make a difficult choice – between the meter up or putting food on the table,” he said.
Sharon Graham, the general secretary of the Unite, does not even believe that the cap will be sufficient. He said: “Ophum has reduced its hat, but our bills are still high and no one has any confidence in this regulator, which allows multinational companies to make pornographic profits from our energy system.
“We need to immediately reverse market madness and address real causes of energy crisis.”
