Latest energy price cap expected to cut bills across Great Britain – business live
Friday, 23 May 2025 () Rolling coverage of the latest economic and financial news Today’s price cap announcement comes just two days after Prime Minister Sir Keir Starmer signalled a partial U-turn on cuts to pensioners’ winter fuel payments, after a backlash. Good morning. British households may learn today that energy…
Household energy bills will drop by 7% from July, the energy regulator Ofgem announced on Friday.
Ofgem's announcement is the first drop in the energy price cap for more than a year. Energy secretary Miatta Fahnbulleh welcomed the announcement, saying: "Bills going down will be a big relief for...
Money Saving Expert Martin Lewis welcomed the price cap drop with caution saying it's “nothing to write home about”. It comes as households across Britain are expected to see their energy bills..
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