Energy bills will fall by £117 for millions of households in Great Britain from April
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Millions of households in Great Britain will see their energy bills fall by £117 from April, following a 7% reduction in the quarterly cap set by the energy regulator Ofgem. The average combined gas and electricity bill will decrease to £1,641 for the three months from April, down from £1,758 under the current January-March cap. This cut is part of Rachel Reeves' plan to reduce household bills, which was partly offset by increased costs associated with maintaining and upgrading the UK's energy networks. The reduction applies to all households, regardless of their tariff or energy usage. Despite this decrease, domestic energy costs remain about a third higher than before Russia's invasion of Ukraine triggered the European energy crisis in 2022. The savings will be welcome news for many households, but some charities warn that it may not be enough to alleviate fuel poverty among low-income households.
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