Ofgem, the energy regulator, has announced the energy price cap will be reduced for the period 1 July to 30 September 2023.
From 1 July, the energy price cap will be set at an annual level of £2,074 for a dual fuel household paying by direct debit based on typical consumption. This reflects recent falls in wholesale energy prices.
The new price cap is a reduction on last quarter's cap and also a reduction in how much customers will have to pay.
The July price cap will be £2,074, a reduction of £1,206 from the April cap of £3,280.