Ofgem Energy Price Cap drops 7% – This is how much your bill now | News Uk

Energy bills will drop by around 7% in July, The energy regulator of the Energy ofgem has announced.

A household uses a typical gas and electricity must see their bills down £ 129 a year.

It appears when the Government’s Government regulator reduces their price limit – the amount that can be subject to suppliers for each energy unit – for the first time in a year.

The typical number to be paid by a person per year is £ 660 (28%) lower than the height of the energy crisis in early 2023.

But it is still 9% higher than the price limit set for the same three -month period last year.

Ofgem said the hat, which was reviewed every three months, had fallen because the global wholesale price for energy had fallen.

Changes to the supplier business costs also make an impact, he added.

Close price, which is reviewed every three months, does not apply to northern Ireland.

The Jarvis Team, Director General of Market in Ofgem, said: ‘The price reduction will be welcomed news for consumers, and reflects the reduction in international wholesale gas prices.

‘However, we are very aware that prices remain high, and some continue to fight with energy costs.

‘The first thing I want to remind people is that you don’t need to pay a price closed – there is a better offer out there so it is important to shop, and talk to your existing suppliers about the best offers that they can offer to you.

‘And change your payment method to direct the debit or smart payment when you go can save up to £ 136.’

He added that in the long run the country requires an energy system where prices are isolated from the volatile international gas market, ensuring a more stable price and energy security.

“And we work closely with the government to get the investment we need to achieve our net strength and zero targets as soon as possible,” he said.

‘We also do everything we can to support consumers today and encourage more changes to help consumers. This includes working in ways to support those who are trapped in energy debt and bring reforms to fixed cost rates for this winter. ‘

Simon Francis, the Coordinator of the Final Fuel Poverty Coalition, said: “The government reversed the government of winter fuel is a clear sign that the ministers know that people struggle with energy bills and solutions that stick and the rounds will not help people in the long run.

“While bills may fall slightly in July, they are still significantly higher than before the energy crisis and remain bound by unexpected fossil fuel costs. Without urgent reform and real investment, millions of people will continue to face unreachable bills and cold homes.”

This is how much you will pay in England, Scotland and Wales, according to Offgem.

Electricity tariff

If you use a standard variable rate (default rate) and pay your electricity directly, you will pay an average of 25.73p per kilowatt time (KWH). The daily standing fee is 51.37p per day. This is based on average throughout Britain, Scotland and Wales and includes VAT.

Gas rates

If you use a standard variable rate (default rate) and pay your gas with direct debit, you will pay an average of 6.33 PECE per kilowatt time (KWH). The daily standing fee is 29.82 PECE per day. This is based on average throughout Britain, Scotland and Wales and includes VAT.

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