Households to see ‘big savings’ as energy price cap falls – but switching supplier will lower your energy bills far more

Energy regulator Ofgem recently announced that it will lower the price cap on default dual-fuel energy tariffs from £1,126 to £1,042, which is a saving of £84. Alongside this, the pre-payment meter cap will also fall by an average of £95 to £1,070.

Across the UK, 11 million homes are currently on default tariffs and a further four million are on prepayment meters. This means that 15 million households will save on their energy bills this October.

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