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Ofgem cuts energy price cap to £3,280, but bills still set to rise in April – business live

Ofgem has cut the maximum cost of electricity and gas units from April, but average bills are set to rise to £3,000 per year when government support is reduced

  • Full story: UK energy price cap falls to £3,280 from April but bills still on course to rise
  • Explainer: Why are UK energy bills going up and what help will you get?

Newsflash: The price cap on the amount suppliers in Great Britain can charge for energy will fall by around £1,000 to £3,280 from April – but average bills are actually set to rise this spring.

The energy regulator Ofgem has just announced that its quarterly cap on household bills for average dual-fuel direct-debit customers will fall by around 23% for the three months from 1 April, from £4,279 for the January to March quarter.

We know that is going to be unsustainable for very many people.

We are talking about literally millions of people who are going to see catastrophic impacts.

Continue reading…

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