London, Yiannis Haniotakis

Relief for millions of households in the United Kingdom is expected to be carried out by the decision of the ofgem Energy Authority, which announced a 7% reduction in the ceiling of energy prices on Friday, with power from 1 July.

It is about first retreat of the ceiling for more than a year.

According to ofgem, a typical household that today pays 1,849 pounds per yearwill see his account is reduced to £ 1,720. This translates into an annual savings of 129 pounds, or about 11 pounds a week, for the next quarter. It is important to clarify that the ceiling relates to the price per unit of energy and not the total account, so the final charge depends on consumption.

Despite this reduction, which is mainly attributed to the fall of international wholesale gas and oil prices, energy accounts remain significantly higher than before the war in Ukraine.

Tim Jarvis, General Manager of Ofgem, spoke of a “welcome news’, recognizing, however prices remain high And some continue to face difficulties at the cost of energy.

As he added, “The first thing I want to remind citizens is that they do not have to pay the prices ceiling. There are better offers on the market, so it’s important to do research and talk to their supplier. “