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International Business Times UK

Business

Jastine Beatrice Yap

Energy Bills in the UK is set to Decrease by a Significant Amount in 2024

United Kingdom Oil Great Britain Cornwall Insight Ofgem OPEC

A recent uptick in oil prices has introduced an element of volatility. (Credit: AFP News)

In a welcome relief for consumers, the energy price cap in Great Britain is set to decrease by a significant 14 per cent starting April 1st, 2024.

The reduction is anticipated to bring down annual bills by an average of £268, offering respite to households grappling with the ongoing economic challenges.

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