Energy prices fall but relief may be temporary

Quick Summary:

A new price cap from energy regulator Ofgem takes effect but bills are likely to rise again before winter.

People in larger properties will tend to pay more overall owing to higher energy usage, and those in smaller properties will pay less.

A drop in domestic gas and electricity prices has now taken effect, but costs are expected to rise again in October.

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Article Details

Category: Business

Markets: United KingdomIrelandUkraine

Topics: Drop Bill Typical Electricity Prices England Price Households Energy Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 23:00:35 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 21431966

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 2 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #43

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