Ofgem has confirmed the energy price cap for April will fall by 7 per cent.

Whilst bills remain a third higher than before the war in Ukraine, the fall in the price cap represents the largest drop since last summer.

The Government had promised a £150 a year reduction in April, but infrastructure and other costs mean that an average saving of £117 per household.

As a result of removing the Energy Company Obligation (Eco) scheme some charges have now been moved to general taxation, so to be clear the move is something of a sleight of hand rather than actual savings.

We announced in the Autumn Budget that we would cut the cost of living, including by taking an average of £150 off the costs of energy bills from April.

Energy Secretary Ed Miliband said: “Today’s fall in bills is only happening because the Government acted in the Budget, asking some of the wealthiest in our society to pay their fair share, so we could help fund this bill reduction. We are determined to go further and end the era of high bills for good, with our clean energy mission to get off the fossil fuel rollercoaster, and by delivering our Warm Homes Plan, the biggest home upgrade scheme in British history.”

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