Martin Lewis has welcomed Ofgem’s announcement people will be paying less for their energy bills, but warned customers will still be paying double what they were before the crisis.
Millions of Brits will see their bills drop by over £400 as it was announced its price cap will drop to £2,074 for 27 million households on direct debit default tariffs from the current £3,280.
It is a huge reduction from the £4,279 set for January to March and the first time energy bills have dropped in two years, giving welcome relief to Brits.