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Energy Bills to Drop for UK Households by £129 After Ofgem Price Cap Change

  • Ofgem announced on 24 May 2025 that the energy price cap will fall by £129 to £1,720 from July 2025 for UK households.
  • This decrease comes after drops in wholesale gas and electricity costs amid ongoing challenges from market volatility and expenses related to decarbonisation.
  • Average energy bills remain about 10% higher than last year and around 65% above winter 2020/21 levels despite the forthcoming price cap drop.
  • Matt Turner-Tait of BFY Group noted that bills have fallen by approximately £134 from the April figure of £1,849, providing some financial relief for households.
  • Experts warn that without urgent government reform and full funding of the Warm Homes Plan, millions will continue facing unaffordable bills and cold homes.
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GB News broke the news in London, United Kingdom on Friday, May 23, 2025.
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