Energy price cap in Great Britain to fall to £1,690 from April, its lowest in two years

Mild winter and falling wholesale gas prices lead to lower level, in boost for household finances

The energy price cap in Great Britain will fall by £238 to £1690 this spring as a mild winter and lower gas prices ease pressure on household finances.

The 29 million households in England, Wales and Scotland can expect to pay the average annual bill from April after the energy regulator Ofgem dropped the price cap by 12.3% from £1,928 in the current quarter.