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AAP
AAP
Nick Wilson

Power bill relief as energy caps slashed in one state

Energy Electricity Lily DAmbrosio Lukas Coch
Many households and businesses are in line for savings on energy under a lowered power price. (Julian Smith/AAP PHOTOS)

Hundreds of thousands of households will pay less for energy next financial year after a state regulator slashed the cap on standard electricity offers.

The average household on the Victorian Default Offer will pay $84 less than the year before after the Essential Services Commission unveiled the new cap on Monday to take effect from July 1.

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