Average energy bill to fall below £2,000 for first time since early 2022

Energy regulator OFGEM has confirmed a cut to its price cap that will see average household bills come down this autumn, as experts continue to warn of hikes to come during the winter months.

Ofgem Chief Executive Jonathan Brearley said: "I know many families will still be struggling to pay their bills so it's a step in the right direction but clearly a long way to go."

#ofgem #energybill #electricitybill

[seewhatifound]

Get rid of the exorbitant standing charge. No matter how much I reduce power use still get this charged and now nearly takes up 30% added cost to the monthly bill. We have no idea where the money goes, or what elements are increased each time. The fact no one is prepared to reveal I suspect it goes to providing subsidies for companies that are registered outside UK tax system and making a pile of money out of the "green revolution " ripping off consumers all the time

[XxTheAwokenOnexX]

Price gouging is economic success Governments are championing

[fintamaria]

The working class has become the slaves of some smart guys who made billions of profits, using our resources that belong to us by right, and what we are doing is stretching out our hands to beg!!!!wow

[earnestequivocation]

Spain dealt with profiteering. That’s why inflation is so low there.
Our Establishment Brexitory Govt opted to maximise Corporate profits at the expense of ordinary people.
That’s the price we pay to be governed by anonymously funded Think Tanks

[joancooley]

Mmm, isn’t that what Parliament calls ‘Misleading’. The caps lowered, that’s Does Not Mean bills will. Standing charge, well, wouldn’t bet on that not going Up again. Patronising load of Old Cobblers.

[RonaldShea]

Simply stop paying the bbc poll tax and pay your fuel bills with it, as millions have already done.

[Dynasty]

Unfortunately they're upping the standing charges, so...

[kevinjones]

Just in time for petol diesel increases. Been creeping up lately. Given by one hand taken by another.

[kharn-the-betrayer]

Well, when the country is completely at the mercy of international markets as there has been no joined up energy policy to secure domestic energy for decades, this is result. The UK is a text book case in how not to secure domestic energy, I suppose we will all continue to put our hands in our pocket to pay for this political mistake as there is still no cross party agreed energy policy.

[johntaylor]

He has not mentioned that standing charges have risen to compensate for the drop in Kw rates.

[dalebenton]

Thats some good news, When ??? recording to Facebook, Every going up by Winter time, My Energy Bill still sits at the same price at a £140 per month

[dalebenton]

The Energy drop by £150 a year, Not much difference is it really, Works out about £15 cheaper each month, Mine go down to £125 a month, Still good news, Still not to good really, Be another tough year for 2024, Carry on where I left of, Thats going easy on the pennies all the time

[earnestequivocation]

I thought Brexitories were going to have a bonfire of Quangos? This gum basher is just a Govt lackey.

[jadler]

I guarantee this will NOT help the poor. This is the Tories were dealing with, they hate the poor and it shows...

[ab]

The UK resorting to socialist price freezes

[runtothehills]

I imagine the energy company executives will be throwing themselves out of windows as we speak...