London Daily

Focus on the big picture.

Energy Bills Remain High Despite Regulator Cutting Price Cap

Energy Bills Remain High Despite Regulator Cutting Price Cap

Energy bills are set to remain high despite a cut in prices from July, as the regulator has lowered the price cap for households in England, Scotland, and Wales.
The typical household will pay £2,074 a year for gas and electricity, £426 less than currently, after the regulator cut the energy price cap.

Although the government has provided help to limit bills to £2,500, prices are not expected to fall much further over the rest of the year and could edge up in winter.

MoneySavingExpert.com's Martin Lewis stated that bills will be similar to last winter because the government's discount has ended, and people will still be paying double what they used to pay before the energy crisis.

Kate Mulvany from Cornwall Insight also said that further substantial falls in bills would be unlikely, particularly if there is a cold winter in Europe.

The head of energy regulator Ofgem, Jonathan Brearley, urged people to contact their supplier if they are struggling to pay their bill.

The energy bill for July 2022 will still be high, despite a recent cut to the price cap.

The cost of energy is affected by factors such as the surge in energy prices following Russia's invasion of Ukraine.

Inflation has been running above 10% for several months.

However, the government is aiming to reduce inflation by half, and this recent cut to the price cap is considered a major milestone.

Despite the decrease, energy bills remain unaffordable for millions of people, with families and businesses struggling to make ends meet.

Environmental scientist Angela Terry has some energy-saving tips, including getting a water-efficient shower head, insulating the loft, hanging out clothes to dry, and using windy days to locate draughts in the house.
Newsletter

Related Articles

London Daily
0:00
0:00
Close
Hello and welcome back. Here we are with your latest news update from around the world.
Hello and welcome back. Here are today's top stories from around the world, you don't want to miss:
UK PM Sunak and the Election Betting Scandal
Climate Activists Target Taylor Swift's Private Jet in UK
United States Bans Kaspersky Antivirus
US to Supply Taiwan with Suicide Drones Amid Rising Tensions with China
Bodyguard of UK Prime Minister Arrested for Alleged Election Betting
Global Displacement Crisis: Record Numbers in 2023
Muslim Community Leader Criticizes Nigel Farage for Undermining Muslims
Melinda Gates Discusses 'Horrible' Divorce from Bill Gates
Child Obesity Surge in England: A Deep Concern
U.S. Sues Adobe Over Hard-to-Cancel Subscriptions
Deadly Heat Wave Claims Dozens of Lives During Hajj Pilgrimage in Mecca
Here are today's top worldwide stories you don’t want to miss:.
World’s Largest Pilot Union Calls to Eliminate Terms Like ‘Cockpit’ and ‘Manpower’ for Equity
Woman Suing UK Intel Services Denies China Spy Allegations
Iran Sentences Nobel Laureate Narges Mohammadi to 1-Year Prison Term for Propaganda
News roundup
Good day, everyone! We've got some gripping stories for you today, spanning from the Middle East to Europe, and even a touch of Hollywood.
Britain’s Refugee Visa Rules Stranding Children in War Zones
UK Elections Predict ‘Electoral Extinction’ for PM Sunak’s Conservative Party
Italian Activist Ilaria Salis Returns Home After Election to European Parliament
Good morning!
England Faces Serbia in Euro Opener with Defensive Concerns
Dermatologist Warns Against Sunbed Usage
Fake Pro-Reform UK Social Accounts and Their Influence on Elections
UK Man Jailed for Non-Consensual Condom Removal
Reform UK Surpasses Conservatives in Historic Poll
US, Britain, Canada Accuse Russia of Interference in Moldova’s Election
Taylor Swift Fans Create Seismic Activity in Edinburgh
Sunak Aide Under Investigation for Election Bet
Labour Leader Starmer Focuses on Wealth Creation for Upcoming UK Elections
G7 to Use Frozen Russian Assets for $50 Billion Ukraine Aid
Anti-Israel Irish MEP Clare Daly LOST her seat in the EU Election
Johnson & Johnson Settles Talc Safety Claims for $700 Million
EU Urged to Welcome Skilled Russians to Weaken Putin
EU Elections Overview: Far-Right Gains and Major Political Shifts
Israel Rescues Four Hostages from Gaza
Emmanuel Macron Calls for Snap Election
Jordan Bardella: Young Far-Right Leader Poised for Future Political Influence in France
World's Oldest Privately Owned Book Auctioned for $3.8 Million
Animal Rights Activists Deface King Charles' Portrait in Protest
Dutch Military Intel Uncovers Extensive Chinese Cyber Espionage
Turkish Student Arrested for Using AI to Cheat in University Exam
Rise in Dengue and Other Mosquito-Borne Diseases in Europe Due to Climate Change
EU Elections Overview: Far-Right Gains and Major Political Shifts
Far-Right National Rally Dominates France's EU Vote
Macron Calls Snap Legislative Elections After Far-Right Victory
Far-Right Gains Significantly in EU Election
UK Job Market Shows Signs of Recovery
×