From 1 October – 31 December, the cap will be set at an annual level of £1,923 for a dual fuel household paying by direct debit based on the current typical domestic consumption values (TDCV) rate and £1,949 for PPM customers.
Responding to the announcement, Matthew Cole, head of Fuel Bank Foundation, said: “Although the reduction of the energy price cap to £1,923 is welcome relief, it is still considerably higher than the £1,277 households were paying at the start of 2022 and approximately double pre the energy crisis.