The level of the default price cap will fall from £1,254 to £1,179 from 1 October for this winter period (October-March), while the pre-payment meter cap will fall from £1,242 to £1,217 per year for the same sixmonth period. Published by Ofgem on Wednesday 7 August, the move will impact the bills of up to 15mn households who are protected by the price caps. Wholesale energy prices have also fallen between February and June, resulting in the reduction of both caps. “The energy bills of around 15mn customers on default deals or pre-payment meters will fall this winter to reflect the reduction in cost of the wholesale energy,” confirmed Chief Executive of Ofgem Dermot Nolan.
