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THE ENERGY PRICE CAP IS SET TO FALL BY 7% THIS SUMMER, MEANING CHEAPER BILLS FOR MILLIONS OF HOUSEHOLDS DAVID PRINCE 05:28, 01 Jun 2025 Details on the next energy price cap have been
released - and it's a welcome relief for millions of households. From July, the maximum unit price cap will drop by 7%, providing some financial respite over the summer months. HAVE
YOUR SAY! HOW HAVE YOU COPED UNDER THE LATEST PERIOD OF HIGH ENERGY PRICES? HAVE YOU CHANGED HOW YOU LIVE IN ORDER TO GET THROUGH IT? COMMENT BELOW, AND JOIN IN ON THE CONVERSATION. The
price cap sets the maximum price that can be charged per unit of energy, not your total bill. The amount of energy you consume is in your control, so reducing usage or being more efficient
with your gas and electricity can lower your bill. Ofgem, the energy regulator, adjusts the energy price cap every three months based on the cost of power production. This 7% decrease will
come into effect from July and last until September, with details about the subsequent cap announced in due course. For the average dual fuel household paying by direct debit, their annual
energy bill will drop from £1,849 to £1,720 from July - a saving of £129, according to the Mirror. The price cap for those paying by pre-payment meter will fall from £1,803 a year to £1,672,
while the annual charge for those who pay upon receipt of the bill will decrease from £1,969 to £1,855. Article continues below Despite this positive news, it's overshadowed by the
previous three periods of escalating energy bills. The price cap rose by 10% last October, 1.2% in January this year, then 6.4% last month. Tim Jarvis, Director General of Markets at Ofgem,
has delivered some good news for consumers regarding energy bills. "A fall in the price cap will be welcome news for consumers, and reflects a reduction in the international price of
wholesale gas." He acknowledged the ongoing financial strain, stating: "However, we're acutely aware that prices remain high, and some continue to struggle with the cost of
energy. The first thing I want to remind people is that you don't have to pay the price cap." Article continues below Jarvis also encouraged customers to seek better tariffs,
advising: "There are better deals out there so it's important to shop around, and talk to your existing supplier about the best deal they can offer you. And changing your payment
method to direct debit or smart pay as you go can save you up to £136." HAVE YOUR SAY! HOW HAVE YOU COPED UNDER THE LATEST PERIOD OF HIGH ENERGY PRICES? HAVE YOU CHANGED HOW YOU LIVE IN
ORDER TO GET THROUGH IT? COMMENT BELOW, AND JOIN IN ON THE CONVERSATION.