25 Aug 2023

Energy price cap cut but many expected to pay higher bills this winter

The energy price cap has been cut, but despite that, many households across England, Scotland and Wales are expected to pay more for their gas and electricity this winter.

The regulator Ofgem says the new cap will knock £151 off the average bill from October 1st, taking it to £1,923.

Reduced help from the government will mean higher bills for some though, especially those who consume less energy.