The British budget energy costs according to Ofgem lowered the price limit by 7%

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The British energy costs in household care will fall in summer after the regulatory authority has reduced the price limit of 7 percent in order to increase the government of Sir Keir Starrer in order to cope with the high living costs.

Ofgem on Friday, the price limit from July to September set at a level at which typical households would pay 1,720 GBP per year Currently £ 1,849After a decline in gas costs.

It is the first decline in the price limit since July last year and will make some relief for the households that are fighting to pay energy Bills.

But typical invoices are still several hundred pounds higher than before the end of 2021 that the energy crisis began.

Craig Lowrey, main consultant at Market Analyst Cornwall Insight, said that reducing the cap was a “welcome development”, but there was a risk that “energy remains unaffordable for many”.

He asked the government to “continue to investigate targeted support, including social tariffs, to ensure that the needy is no longer left behind if the market is developing further”.

As the government said this week, it would be Backtrack with cuts For winter fuel payments for pensioners after a public counter reaction.

Pension calculations contributed to this 3.5 percent in AprilAccording to official figures that were published this week, the expectations of interest rates dampen the Bank of England’s cuts.

Cornwall Insight said that the gas costs have dropped the wholesale in the past few months, partly due to mild temperatures and the prospect of slowing down in the USA.

The gas prices affect the electricity price in Great Britain due to the important role of gas drive stations.

The price limit introduced by the conservative government in 2019 limits how many energy companies can invoice domestic customers for loss tariffs per consumed energy unit. It is reset every three months to reflect changes in wholesale prices.