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Ofgem's boss has warned that bills could remain high for many households this winter despite a drop in energy prices.

Energy regulator Ofgem has announced the new price cap will be reduced to £1,923 from October 1.

Energy bills are set to fall for millions of households in a matter of months after Ofgem confirmed its new price cap.

The average household energy bill will be slashed by £426 a year when Ofgem lowers its price cap in the coming weeks.

Ofgem has announced that all UK household energy suppliers have agreed to a ban on forcibly installing prepayment meters in the homes of people over the age of 85. The industry regulator said that suppliers have signed up to a new Code of Practice which will also see them give customers more chances to clear debts.

Brits across the country face a wave of price increases this weekend as we enter the new tax year.

The energy price cap is predicted to drop below £3,000 as early as April by the boss of Ofgem with possibly even more savings to come in the summer.

Ofgem is set to launch a new campaign to help people understand how they can reduce their energy use and bring bills down this winter, the regulator's boss has revealed. Jonathan Brearley said his organisation was working with energy companies to help them assist customers through what will prove to be a tough winter.

Ofgem announced on Friday (August 26) that the energy price cap will rise to £3,539, resulting in an 80 per cent rise in bill costs.

The boss of Ofgem has urged the next prime minister to do more to help the country deal with the impact of October's energy price cap rise.

A warning has been issued by Ofgem after campaigners have encouraged people to not pay their energy bills. Don't Pay UK is driving households to stop paying their bills from October 1 if there is no intervention amid the rising costs.

Ofgem has confirmed that the energy price cap will be updated four times a year, rather than twice as it warned that customers face a “very challenging winter ahead”. The regulator said the change would go “some way to provide the stability needed in the energy market."

Money Saving Expert's Martin Lewis has issued an urgent warning for anyone who has a direct debit agreement for their energy bills.

Rishi Sunak could announce a cut of £400 on energy bills for every home under a new cost of living support plan, according to reports. The Chancellor is set to announce a new package of support today (Thursday) in the Commons, which is likely to include a discount on energy bills funded by windfall tax on oil and gas giants.

Martin Lewis has issued some urgent advice for UK energy customers ahead of the energy price cap review in October. The financial guru, 49, addressed concerns about soaring energy prices, after predictions that the cap could increase by nearly £1,000.

A useful energy calculator may help householders save hundreds on their electricity and gas bills amid the energy price cap rise.

Martin Lewis has issued urgent advice on those switching energy tariffs — on the day it was announced the energy price cap will rise massively. The cap is set to rise by a huge 42 percent in October.

Brits can expect to see their household bills increase again in October, with the energy price cap set to dramatically rise for a second time. In April, energy prices soared across the country as the cap rose from £1,277 up to £1,971 – an increase of £693 a year.

Energy bills could sky-rocketto £2,800 in October for millions of households, the energy regulator Ofgem has warned.

Energy bills are showing no sign of decreasing as the UK battles to cope with the cost of living crisis. Inflation has skyrocketed to a record seven percent following the coronavirus pandemic and the war in Ukraine.

Millions of householders are receiving their new energy bills and those homes supplied by Shell might find the amount they pay has risen drastically.

National Grid will share some of the excess cash it has made from electricity cables to Europe ahead of schedule as regulator Ofgem and others try to help keep bills pushed down.

The head of Ofgem has warned that Scots households should anticipate another raise in energy prices this year.

As gas prices soar to an all-time high Perthshire politicians are calling for vulnerable citizens to get support.

The energy price cap will rise by 54 per cent from April this year, Ofgem has announced.