Energy bills to fall by up to £95 as Ofgem cuts price cap

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Energy bills to fall by up to £95 as Ofgem cuts price cap
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Ofgem has said it will cut bills for around 15 million households by up to £95 after reducing its cap on energy bills to the lowest level yet.

The price cap has been set at £1,042 per year for an average household and will come into force from October, Ofgem said. It is an £84 drop for customers on their supplier's standard tariff and a £95 drop for those with prepayment meters.

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