Tuesday briefing: How Ofgem’s new price cap drop will affect you this winter

In today's newsletter: Despite a lower cap on energy bills, the cost of heating could remain crippling high and leave millions in fuel poverty

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Good morning.

August is coming to an end and as the days begin to get shorter and temperatures start to drop, many people are paying closer to attention to their energy bills, particularly those who struggled last winter. They may be pleased to hear that Ofgem has lowered its price cap by about 7%, from 2,074 to 1,923 for the average household. It should be cause to celebrate, even if the decrease is relatively slim. However, the news will probably be of little comfort for millions of people who could still end up paying extraordinary sums. How could that be? The government has rolled back its financial support that proved to be a lifeline for many last winter.