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)