Energy bills will fall by £117 for millions of households in Great Britain from April

Ofgem cap drops by 7% to £1,641 a year for consumers’ average gas and electricity costsBusiness live – latest updatesAnnual energy bills will fall by £117 for millions of households from April after Rachel Reeves’s plan to cut £150 a year from bills was partly foiled by rising costs.The energy regulator Ofgem’s quarterly cap will fall by 7% a year for the three months from April to £1,641 for the average combined gas and electricity bill in Great Britain, from £1,758 under the current January-March cap. Continue reading…