Speakers from Touchstone Exploration, Shanta Gold, Savannah Resources and Kavango Resources feature in our Natural Resources webinar on May 25th. Please register here.

Less Ads, More Data, More Tools Register for FREE

Energy prices to fall for millions of Britons this winter, regulator says

Fri, 7th Aug 2020 07:09

LONDON, Aug 7 (Reuters) - Energy prices are set to fall for
millions of British households this winter after the energy
regulator said its cap on the most widely used tariffs would be
lowered by about 7.5% from Oct. 1.

The reduction was due to a fall in wholesale gas prices as
lockdowns on business and homes led to a slump in demand,
regulator Ofgem said.

The cap for average annual consumption on the most common
tariffs, used by around 11 million households, will fall by 84
pounds ($110) to 1,042 pounds, Ofgem said.

($1 = 0.7618 pounds)
(Reporting by Susanna Twidale; Editing by Edmund Blair)

More News

UK has "high degree of confidence" vaccines work versus Indian variant

UK has "high degree of confidence" vaccines work versus Indian variant

Today 11:57

PRESS: Devon tungsten mine owner plans GBP100 million AIM IPO - Times

PRESS: Devon tungsten mine owner plans GBP100 million AIM IPO - Times

Today 11:10

UPDATE 1-UK to make final lockdown easing decision on June 14

(Adds vaccine comments, context)LONDON, May 16 (Reuters) - Britain will make a decision on June 14 about whether or not to go ahead with the final phase of its easing of COVID-19 lockdown restrictions, health minister Matt Hancock said on Sunday.B...

Today 09:07

UPDATE 2-Ministers will make England lockdown easing decision on June 14

* Pandemic under control, says health minister* Says early data shows vaccine effective against Indian variant* Delay to full reopening could damage economic recovery (Adds data on cases, quotes and context)By William JamesLONDON, May 16 (Reuters) ...

Today 09:07

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.