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Ofgem has announced a seven per cent reduction, the equivalent of £117, to the energy price cap for the period covering April 1 to June 30, 2026.
According to the energy regulator, this change comes to a reduction of around £10 a month for the average household using both electricity and gas.
The energy price cap sets the maximum rate per unit and standing charge suppers can charge households with average energy usage.
As a result of this change, families paying direct debit for gas and electricity will pay pay £1,641 per year.
The energy price cap has dropped
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