UK Energy Price Cap Drops 7% but Bills Remain High

Ofgem's new cap reduces average annual household energy bills to £1,568, yet costs are still significantly above pre-crisis levels.

The price cap reduction is driven by a decrease in wholesale gas and electricity prices.
Despite the drop, current energy bills are over £400 higher than three years ago.
Experts warn that energy bills may rise again in winter due to market volatility.
The cost of living and energy security are expected to be key issues in the upcoming general election.
Calls for targeted energy bill support persist as millions remain in fuel poverty.