Hard-up households have heaved a collective sigh of relief this morning at the news that energy prices are finally set to fall.
Energy regulator Ofgem has confirmed that the new price cap for people who pay by direct debit, which will kick in on July 1, will be £2074, an £426 reduction on the current price cap of £3,280, announced in February. However, due to the way the price cap timings work, families will have to wait nearly two months before they see the changes in their bills.
The new cap depends on how you pay your bills:
