Energy bill cut of 7% from April

THE price most households pay for energy will fall by 7% from April 1, driven by promised Government cuts to bills, Ofgem said.

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The regulator's price cap will drop from the current £1,758 to £1,641 - a reduction of £117 or around £10 a month for the average household using both electricity and gas.

However, the reduction is lower than the average £150 cut to bills pledged by the Chancellor in November, when she moved 75% of the cost of the Renewables Obligation from household bills onto general taxation and scrapped the Energy Company Obligation (Eco) scheme.