Overview

• Household energy bills will decrease by £426 annually starting July 1 due to a drop in the energy price cap.
• Despite the price cap reduction, energy bills remain almost double pre-crisis levels.
• The energy price cap limits the maximum suppliers can charge for gas and electricity.
• Energy industry experts predict the price cap will continue fluctuating in the coming months.
• The end of the Energy Price Guarantee in July means bills may increase again.