UK Business

Your energy bills are finally about to go down – here's why

Written by Karen Turner, Professor and Director of the Centre for Energy Policy, University of Strathclyde

For the first time since autumn 2022, your energy bill will soon be capped by the UK regulator Ofgem rather than the government’s emergency price guarantee. This means you should see a drop in your next bill.

From Saturday July 1 2023, Ofgem is lowering the price cap – which limits the amount your supplier can...

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