Annual energy bills predicted to fall by £166 in July
Summary
Prices for household energy are expected to decrease in July, making it cheaper for families in England, Wales, and Scotland. This means that people may save money if they use a typical amount of gas and electricity.Key Facts
- Prices for household energy are predicted to decrease by £166 per year in July.
- The new price is almost 9% less than the previous price.
- The decrease comes after energy prices went up three times in a row.
- The price of energy is calculated per unit, which means if you use more energy, you pay more.
- The energy prices are decided every three months by a group called Ofgem.
- About 22 million households in England, Wales, and Scotland are affected by these prices.
- The last time the price was this low was in September of the previous year.
- The reason for this expected decrease is due to lower costs of energy from suppliers.
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