UK faces lower energy bills as inflation eases

UK taxpayers will no longer be subsidising energy bills because the cap is cheaper than Prime Minister Rishi Sunak’s energy price guarantee. – EPA pic, May 25, 2023.

UNITED Kingdom regulators today slashed a cap on domestic energy bills from July, easing a cost-of-living crisis one day after data showed a slowdown in elevated inflation.

The Office of Gas and Electricity Markets (Ofgem) said the annual amount suppliers are able to charge an average household would drop to £2,074 (RM11,856.82), citing “recent falls in wholesale energy prices”.

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