The energy regulator has confirmed a 7% reduction in the price cap for households in Great Britain starting 1 April. Ofgem cited lower wholesale energy costs and the government’s decision to shift environmental levies into general taxation as the primary drivers for the £117 annual saving.
In Practice: Monthly direct debits will drop by roughly £10 while daily standing charges for electricity actually rise.
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#EnergyPriceCap #Ofgem #CostOfLiving
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