25/02/2026
On Wednesday morning, Ofgem announced that it is reducing the energy price cap by £117, bringing the typical annual bill for a dual-fuel household down to £1,641.
This reduction will be welcome news for families who have been struggling with high energy bills. Any cut offers some breathing space. However, costs remain far higher than many households are used to, and for many people the pressure on monthly budgets has not gone away.
In Redditch, I know that residents are still feeling the impact of sustained high prices. At the same time, local businesses — from independent shops to manufacturers — continue to face significant energy costs, which affect investment, confidence and jobs.
So while this announcement is a step in the right direction, there is much more to do. We need sustained action to bring down residential bills further, provide certainty for businesses, and ensure our energy system delivers secure, reliable and genuinely affordable power for the long term.
