MILLIONS of households will see energy bills fall by up to £95 in October after Ofgem has announced a slash in the price cap.will benefit from an £84 cut in costs.The maximum providers will be able to charge default bill payers for energy this winter will be set at its lowest level at £1,042, down from the current cap at £1,126.The regulator says that it will ensure 15million households continue to pay a fair price for their energy.
Households on prepayment meters can save £182 a year by swapping to a deal with Omni Energy - currently the cheapest deal on the market. Households on default tariffs paying the current cap will save £315.66 by swapping to a one-year fixed deal with Avro Energy that costs £810.34.
'Slashing energy bills'?! It's a 7.5% reduction when lockdown has increased domestic usage for millions of homes meaning no summer credit has been built-up and larger Autumn bills are weeks away. If you want to 'slash energy bills', you've got to get off 'standard' tariffs.
I’m sure they’ll all rush to pass that through to the customer
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