Household energy bills will drop by 7% from July, the energy regulator Ofgem announced on Friday.
Ofgem's announcement is the first drop in the energy price cap for more than a year. Energy secretary Miatta Fahnbulleh welcomed the announcement, saying: "Bills going down will be a big relief for families who are under pressure with the cost of living. We have to continue the work of getting bills down for good."
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ofgem's announcement is the first drop in the energy price cap for more than a year. Energy secretary Miatta Fahnbulleh welcomed the announcement, saying: "Bills going down will be a big relief for families who are under pressure with the cost of living. We have to continue the work of getting bills down for good."
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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NewsTranscript
00:00Bills going down I think will be a big relief for families that we know are under pressure with the cost of living and that is good news.
00:06But we are really clear that we have to continue the work of getting bills down for good.
00:10And the only way we're going to do that is to break our reliance on global fossil fuel markets we have no control over
00:16and deliver clean homegrown energy and we are working flat out to deliver that.
00:21And we're also really clear that as we make that transition we've got to do the job of supporting households
00:26and that's why we're looking to expand the warm homes discount to over 6 million households
00:30and that's why we're doing the work of upgrading hundreds of thousands of homes to make them warmer and cheaper to run.