Summer is almost here and millions of households across the country are set to see energy bills go down as the current spell of warm weather reduces the need for heating our homes ahead of the new price cap kicking in next month. Ofgem is lowering its energy price cap by 17 per cent from the current £3,280 per year to £2,074 for the average household in Scotland, England and Wales from July 1.
Prepayment meter customers will also see charges reduced from the start of July taking them to the same level as direct debit customers, meaning the most expensive way to pay for your energy usage will be by paying in receipt of bills which is around six per cent higher.
However, inflation is still high at 8.7% and not coming down as fast as previously predicted by the Bank of England and food prices are still soaring at the supermarket.
