25 Aug, 23

UK Households To Pay Lower Energy Bills In Q4 2023

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UK energy markets regulator Ofgem lowered on Friday the country’s energy price cap for the fourth quarter of 2023, which means that millions of households will see their energy bills fall at the start of the upcoming heating season.      The UK has a so-called Energy Price Cap in place, which protects households from high bills by capping the price that providers can pass on to them. The cap was raised a few times last year after wholesale energy prices, especially the price of natural gas, surged in the spring and summer…

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