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The UK household energy price cap will fall by 12% in April following falls in wholesale gas and electricity prices.
Ofgem, Britain’s energy regulator, set the price cap for the April-June period at £1,690 a year for a typical household, down from £1,928.
This is the lowest level for the limit since March 2022, when it stood at £1,216. However, it remains above typical levels below £1,200 before the energy crisis which began in the winter of 2021 as wholesale prices rose.
National Energy Action, the energy poverty charity, has warned that 6 million households will still find themselves in “energy poverty” – defined as spending on energy at or above 10% of their income – from April .
This is a developing story