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Ofgem confirms 7% drop in prices

Video Credit: ODN - Duration: 01:06s - Published
Ofgem confirms 7% drop in prices

Ofgem confirms 7% drop in prices

Households on the energy price cap will see a 7% reduction in their average annual payments from 1 July, Ofgem has confirmed.

Ofgem's Tim Jarvis urged households on the price cap to "shop around" for savings as there are "better deals out there" despite the reduction in the default tariff.

Report by Kennedyl.

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Energy bills to drop in July after Ofgem decreases price cap [Video]

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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..

Credit: ODN     Duration: 00:36Published