High energy costs to continue, despite price cap cuts

Despite government support, consumers are likely to continue to face high energy bills and volatile prices.

by | 30 May, 2023

Little girl in pyjamas sitting on a bench by a sunny window inside their house. She's looking out the window

Around 29 million households will be impacted by changes to the energy price cap, which will reduce the energy costs for a typical household from £2,500 per year to £2,074 from July – but prices will remain high.

“Despite the cut to the price cap, charity National Energy Action said that 6.5 million people would still be in fuel poverty. The typical bill from July will still be much higher than in the winter of 2021 when it stood at £1,277 a year. Charity Citizens Advice described that as ‘unaffordable for millions of people’,” BBC News reports.

Read the full story at BBC News

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