ENERGY bills are set to fall by £151 for millions of households this winter. The energy regulator Ofgem has confirmed the new price cap, which comes into effect on October 1. The cap has …
that consume less than 79% of typical gas and electricity consumption will still see higher bills this winter.increasing by £100 or more this year, it said.
Chief executive of NEA, Adam Scorer, said: “Any fall in the price cap is welcome but for 6.3million households still in fuel poverty it will make precious little difference. Lower prices could mean people may be able to shop around and switch to a different supplier offering a better deal.To calculate how much you pay on your current fix, you will need to find out both your unit rate for gas and electricity and the standing charge for each fuel type.The standing charge is a daily charge that is paid 365 days of the year - irrespective of whether or not you use any gas or electricity.
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