Ofgem price cap updates — Energy bills to hit lowest level in two years as Brits get £238 cash boost in April

ENERGY bills will fall to their lowest level in two years in April, following the announcement of Ofgem’s new energy price cap.

Set to come into effect on April 1, the new price cap will see the average Brit’s bills fall by £238.

The cap will fall from the current rate of £1,928 to £1,690, today’s figures show.

This marks the lowest price cap since Putin launched his invasion of Ukraine in February 2022.

Jonathan Brearley, Ofgem chief executive officer, said: “This is good news to see the price cap drop to its lowest level in more than two years – and to see energy bills for the average household drop by £690 since the peak of the crisis – but there are still big issues that we must tackle head-on to ensure we build a system that’s more resilient for the long term and fairer to customers.”

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