The Guardian | 11m UK households in line for £100 savings on energy bills

Home energy bills for 11m households could tumble by up to £100 a year from this winter. This is following a record low energy market prices during the COVID-19 lockdown, according to analysts.

We are expecting to see a significant decrease to the default price cap in Ofgem’s announcement, with a drop of potentially up to £100.

Robert Buckley, Head of Relationship Development

The price cap plunge was expected following the “significant fall in wholesale prices”. This was a direct result of the Covid-19 lockdown and the subsequent slump in energy demand, he added.

The Guardian