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Home energy bills in Britain are scheduled to fall in the summer after the OffGem regulator reduced the maximum prices by 7 percent, in a batch of the Sir Kerr Starmer government as it tries to address the high cost of living.
On Friday, OffGem set the maximum price for the month of July to September at a level that means that the typical family pays 1720 pounds annually, low from 1,849 pounds at the present timeAfter wholesale gas prices have decreased.
This is the first reduction in the maximum since July 2024 and will provide some comfort for families who are struggling to pay energy Bills.
Facilities bills have helped to push inflation to the highest level in 15 months 3.5 percent in AprilAccording to the numbers released this week, reduce the expectations of interest rates from England.
Despite the reduction in the cover, typical energy bills are still several hundreds of pounds higher than the energy crisis that started in late 2021. The cover remains higher than last summer.
Craig Lori, the main adviser to market analysts, Cornwal Beers, said that the lower cover was “a welcome development”, but there is still a risk that “energy will remain unreasonable for many.”
He urged the government to “continue exploring targeted support, including social definitions, to ensure that the most needy is not left with the development of the market.”
The maximum prices, which were presented in 2019, determines an end to the amount of energy companies that can charge homes on the default definitions of each unit of gas and electricity consumed. Every three months is reset to reflect the changes in wholesale prices.
Gas heats the vast majority of Britain’s homes and is used to generate more than a third of electricity, which means that any changes in wholesale prices have an effect.
Cornwall Infais said that wholesale gas costs have decreased in recent months, partly due to moderate temperatures and the possibility of slowing demand in the United States.
OFGEM step comes as the government said this week Return on discounts To the fuel payments in the winter for retirees, after a general violent reaction.
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