LONDON (Reuters) – British energy regulator Ofgem’s price cap on average household energy bills will fall by almost 1,000 pounds to 3,280 pounds ($3,920.91) from April until the end of June, it said on Monday.
The price cap is currently set at an annual level of 4,279 pounds for a dual-fuel household paying by direct debit, based on typical consumption, and the reduction reflects the recent decline in wholesale energy prices.
($1 = 0.8365 pounds)
(Reporting by Nina Chestney in London and Muhammed Husain in Bengaluru; Editing by David Goodman)
