Energy bills: Millions set to see ‘big savings’ as price cap lowered
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Energy bills will fall by an average of £84 in October for millions after the energy regulator lowered the price cap due to cheaper gas wholesale prices.
Ofgem has cut the default price cap to £1,042, its lowest level since the cap was introduced in January 2019.
The pre-payment meter cap will fall by an average of £95 to £1,070.
Ofgem said the changes would mean…
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