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Energy price cap falls significantly as Ofgem reveals new level for average bills

The new cap figure compares to the 拢3,280 level set by Ofgem for March-June, meaning a 拢1,206 reduction in the cap from July and a reduction in average bills by 拢426 a year.

Friday 26 May 2023 07:30, UK

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The energy price cap on household bills has fallen to an annual average of 拢2,074 between July and September, removing some of the financial pain inflicted by the unprecedented surge in gas and electricity costs.
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