Energy bills fall as new price cap comes into force
Business / Sat 1st Jul 2023 at 06:24am
A CHANGE to the energy price cap has come into force, reducing domestic gas and electricity bills – with a further, smaller fall expected this winter reports the BBC.
A household in England, Wales and Scotland using a typical amount of energy will now pay £2,074 a year, a drop of £426 a year.
Analysts at the consultancy Cornwall Insight suggest the typical bill could fall to £2,000 a year this winter.
However, that remains much higher than the pre-pandemic norm.
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