Learn more

By Ruby Flanagan The Ofgem price cap has fallen by around 12% today, meaning energy bills for millions of Brits will become that bit cheaper. Theenergy regulator’s new price cap now sits at £1,690 for the typical household paying by direct debit. This is down from the January price cap of £1,928. The April price cap is the lowest level since February 2022 and will be in place until June 30 this year, when it will be revised again. It’s important to note that the £238 drop represents the potential savings across a year and not the three months the price cap covers. However, despite what its nam…