Ofgem price cap: Typical energy bill to fall by 12% from April as new price cap is announced

Ofgem’s energy price cap will fall by 12.3% from the current £1,928 to £1,690 from April 1 for a typical dual fuel.

The average household energy bill is to fall to its lowest point in two years from April after Ofgem lowered its price cap in response to wholesale prices.

The regulator announced it is dropping its price cap by 12.3% from the current £1,928 for a typical dual fuel household in England, Scotland and Wales to £1,690, a drop of £238 over the course of a year or around £20 a month.