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Energy bills will fall from October for millions of people in the UK.

Energy bills will fall from October for millions of people in the UK. Photograph: David J Green/Alamy Stock Photo

The energy regulator has lowered winter energy bills for 15m UK homes by reducing its energy price cap to record lows after wholesale energy market prices tumbled during the coronavirus pandemic.

Ofgem will lower the cap on default dual-fuel energy tariffs for 11m households by £84, from an average of £1,126 a year to a record low of £1,042 from this October. It will also lower the cap on energy bills for customers using pre-payment energy meters by an average of £94 a year, from £1,164 to £1,070 a year.

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