Energy bills may be coming down but a sting remains for many

Average annual energy bills are reported to fall by about £117 and the reduction is set to apply from April; Ofgem will update its price cap in July which could change future levels.

Energy bills in Britain are reported to be falling, with the average annual bill said to be about £117 lower. The reported cut is set to apply from April. Ofgem is scheduled to update the price cap in July, which could change future levels. Despite the drop, bills remain substantially higher than five years ago. Key points: - The reported average annual reduction is about £117, roughly £10 a month. - The cut is reported to take effect from April, when household heating use tends to fall. - Ofgem is scheduled to update its price cap in July, and that review could alter bill levels. - Other household costs, including water bills and some broadband or mobile charges, are reported to be rising in April. Summary: The reported reduction offers modest relief but leaves overall energy costs well above levels seen five years ago. Inflation has been reported to be easing, and these energy changes are noted as a factor. Ofgem's scheduled July review will be the next key step in determining future price-cap levels.