Most Britons' energy bills to fall from April, regulator says

Ofgem announced a 7% cut in the energy price cap, lowering it to £1,641 a year from April, a £117 reduction from the previous cap.

Most British households are set to see lower energy bills from April, the energy regulator Ofgem announced. The regulator said the price cap will be cut by 7% under government measures intended to ease consumer costs. The government moved some renewable energy costs onto general taxation in last year's budget and ended a scheme that required energy suppliers to pay for measures such as insulation for low-income households. Ofgem's Tim Jarvis said the change to policy costs announced by the Chancellor was the main driver of the reduction. Key facts: - Ofgem announced a 7% reduction in the energy price cap. - The new cap is £1,641 a year for average electricity and gas use, down £117 from the cap for January–March. - The change reflects government budget measures, including shifting some renewable energy costs to general taxation. - The government also scrapped a scheme that required suppliers to fund measures like insulation for low-income households. - Tim Jarvis, Ofgem's Director General, Markets, said the policy cost change was the main driver. Summary: The 7% cut reduces the annual cap for an average household to £1,641, a £117 fall versus the January–March level. Ofgem attributed the change mainly to government policy cost adjustments announced in the budget. Undetermined at this time.