The Latest Breaking News from Ofgem

The changes, which will come into force from July 1, mean the average household will see their annual energy bill drop by £426

Ofgem's price cap was something many of us did not think about when it first began in 2019 - however, the confirmation of how much our energy bills would be for the next few months almost became a national event before the Energy Price Guarantee was introduced.

It's the first time the price cap has lowered in more than 18 months

Ofgem is lowering its energy price cap from the current £3,280 per year to £2,074 for the average household in England, Wales and Scotland,…