The drop is down to Ofgem lowering the price cap on standard and default tariffs from £1,254/yr for a typical user, to £1,179/yr. For an average household, this means a likely price cut to bills of £75/yr from Tuesday 1 October, as most suppliers are expected to price within just a few pounds of the new level. This isn’t the maximum you can be charged, though. The price cap sets a limit on the rates you pay for each unit of gas and electricity, so if you use more, you’ll pay more.  However, don’t be fooled – even after this cut, most could still saveRead More →