The price of energy is set to fall for millions of British households from April, driven by lower wholesale costs, energy regulator Ofgem has announced.
Both the default price cap and the pre-payment meter price cap will fall by £17, to prevent around 15 million customers in the UK from being overcharged.
Ed Dodman, director of regulatory affairs at the Energy Ombudsman, said: “This reduction in the price cap is good news for the millions of UK households currently on default tariffs, but shouldn’t discourage people from shopping around for better deals.
“When switching, we would encourage consumers to look at the customer service they can expect to receive as well as how much money they could save.”
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