Household energy bills set to drop from April what it means for you

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"Households are poised to see their energy bills fall by approximately 7 per cent from April, following a government pledge for an average 150 reduction. Industry predictions suggest energy regulator Ofgem will announce a 117 cut to the energy price cap on Wednesday, bringing the annual cost for a typical dual fuel household down to 1,641 from 1 April. This anticipated reduction aligns with earlier government indications of a 150 saving,"

"However, consumers are cautioned not to anticipate a straightforward 150 discount, as the actual saving will fluctuate depending on household size, type, and energy consumption. The primary method for this reduction is expected to be a lower price per unit of electricity. Households are advised to await information from their suppliers following the cap announcement for specific details. Energy analysts Cornwall Insight project the changes will ultimately reduce the cap by around 145 annually, once VAT and other pricing allowance"

The Independent highlights its commitment to on-the-ground reporting across topics like reproductive rights, climate change, and Big Tech while operating without paywalls and seeking donations to fund journalism. A government pledge and industry forecasts mean households could see energy bills fall roughly 7% from April, with Ofgem expected to cut the price cap by £117, lowering annual costs for a typical dual-fuel household to £1,641. The reduction is tied mainly to a lower per-unit electricity price and the discontinuation of the ECO scheme. Actual savings will vary by household size, type, and consumption, and analysts project a roughly £145 annual cap reduction after VAT and allowances.

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