Families may be enjoying lower energy bills while the sun shines, but will still be facing stubbornly high costs to heat their home this winter, even after the new energy price cap kicks in next month.
The cost of power has fallen by nearly 50% in the past year, while the average consumer energy bill has risen 26% in that time, prompting many to take to social media to ask why the drop has not been carried over to help in the cost of living crisis.
Last month, regulator Ofgem set the new energy price cap at £2,074 from July 1, a decrease of £1,204 on the £3,280 cap active from April 1. However, no one pays that as the typical home currently pays £2,500 a year under the Government's Energy Price Guarantee scheme, which limits how much households pay.
