The Ofgem price cap will drop by £122, from £1,690 to £1,568, from July 1, 2024 in England, Scotland and Wales. The new price cap is £500 less than it was in July 2023, when it hit £2,074. It comes amid a drop in wholesale price, but there are warnings that Ofgem could increase the cap again in October, before dropping it once more in January 2025. The price cap dose not indicate the limit of which people can pay for their gas and electricity, but provides an average figure for what households... Read this story at www.yorkshireeveningpost.co.uk , www.edinburghnews.scotsman.com , www.thestar.co.uk
