It seems that things might just be turning for the better as this morning as Ofgem announced the new energy price cap figure which will take effect from 1st July to 30th September of this year – and it's lower than the previous quarter, for the second time in a row.
The independent energy regulator for the UK set the July energy price cap at £1,568 for dual-fuel households, in other words homes using both electricity and gas, paying by direct debit. This is a 7% drop from the previous (and current) April energy price cap which was set at £1,690 and will still be in effect until the end of June. And that figure was a 12% decrease from the previous January energy price cap.
