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This Bformb Must Be Bsecuredb inside the Loft Do Not Remove Ofgem Ofgem Gov

This Bformb Must Be Bsecuredb inside the Loft Do Not Remove Ofgem Ofgem Gov

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welcome everyone today I want to discuss the latest announcement from energy regulator ofj regarding changes to the energy price cap as many of you likely saw ofj said the price cap will fall by an average of 7% starting October 1st they estimate this will lower the average annual dual fuel bill for standard variable tariff customers paying by direct debit from 1,970 to around £ 1,923 while any reduction in costs will provide relief it's important to examine the full context and implications let's break this down step by step firstly the new average annual bill of £ 1,923 is massively higher than rates last winter in October 2021 before the crisis the price cap was just £ 1,277 per year for a typical home we must also factor in the £400 credit all domestic customers received from the government between October 2021 to March 2022 with that included average costs last winter were closer to 877 per year over £1,000 less than the new rate so while bills are falling mos

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