The Latest Breaking News from Ofgem

Ofgem's price cap was something many of us did not think about when it first began in 2019 - however, the confirmation of how much our energy bills would be for the next few months almost became a national event before the Energy Price Guarantee was introduced.

It's the first time the price cap has lowered in more than 18 months

Ofgem is lowering its energy price cap from the current £3,280 per year to £2,074 for the average household in England, Wales and Scotland,…

Everyone will see their bills come down

New cap brings gas and electricity prices below the Government's £2,500 Energy Price Guarantee from July

Standing charges will remain the same at around £300 a year.

Here's how much you can expect your energy bills to go down by

Households will be more than £400 a year better off on average from July after the cap on energy bills was slashed following steep falls in wholesale gas and electricity prices.

The change starts in July

What are the likely savings and what help is still available for bills – all you need to know about Ofgem’s move

The cost of living crisis continues to rumble on but there is gold in the hills as Ofgem announces their July energy price cap - and it is £1,206 cheaper than it is now