Nearly everyone in England, Wales and Scotland will benefit from a cut irrespective of their tariff, although the amounts will vary between households.
For millions of households on variable tariffs governed by the price cap, the drop will be about £10 a month for those using a typical amount of gas and electricity.
However, prices are still about a third higher than before the war in Ukraine, debts have ballooned, and billpayers are being urged to shop around for further savings.
The 7% fall in the price cap is the biggest drop since last summer. While the Government promised a £150 a year reduction in April, the cost of running the energy network is up, leading to a lesser saving of £117 for a household using a typical amount of energy.
The BBC is being particularly dishonest when it says “prices are still about a third higher than before the war in Ukraine”. The clear intention is to portray the Ukraine war as still keeping gas prices elevated. The figures show this to be false.
Firstly, energy prices were extremely low in 2020-21 because the pandemic lockdowns reduced demand....<<<Read More>>>....
