• UK's Ofgem lowers price cap on household energy bills

Market news

25 May 2023

UK's Ofgem lowers price cap on household energy bills

On Thursday, the UK energy regulator, Ofgem, announced a reduction in its price cap on household energy bills from July to an annual level of GBP2,074 ($2,617.60) for a typical dual-fuel household.

The lowering of the price caps will reflect a decline in wholesale energy prices, the British regulator said.

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