When will energy bills fall? What you need to know before Ofgem announcement next week

Energy bills are predicted to finally fall from this summer with a key announcement by Ofgem due next week.

Household energy bills are currently covered by the Energy Price Guarantee (EPG) which is set at £2,500 a year for the typical household paying by direct debit.

This has effectively replaced the Ofgem price cap, which works in a similar way and is set at £3,280 a year.