ENERGY costs will fall by more than £122 a year to help hard-pressed families — in a boost for Rishi Sunak’s claim to be the champion of cheaper bills.
Millions of homes will see typical costs for gas and electricity drop from £1,690 to £1,568 a year as the regulator brought down the energy price cap by seven per cent.
The Tories welcomed the £10-a-month savings from July — meaning bills have fallen nearly £400 this year to their lowest level since Russia’s invasion of Ukraine in early 2022.
They immediately turned their fire on Labour and Ed Miliband, claiming his rush to net zero would send energy prices rocketing again.
Energy Secretary Claire Coutinho said: “I know the last few years have been a struggle but we have turned a corner.
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“Don’t let Ed Miliband throw it away with his dangerous plans to hike your bills and raise your taxes.”
She also claimed Labour’s plans to decarbonise the electricity system by 2030 would raise bills, while moving away from North Sea oil and gas would put 200,000 jobs at risk.
But Sir Keir Starmer’s party hit back, claiming the typical household was still £5,883 worse off since 2019.
Labour says average energy prices are up by £479, groceries by £1,040, council tax by £421, mortgages by £2,880, personal taxes by £874 and motoring costs by £189.
Shadow treasury minister Darren Jones put the blame on what he called Mr Sunak’s “economic failure”.
It came as Sir Keir visited Scotland to promote his plan for GB Energy — a publicly owned green electricity generator investing in homegrown clean energy.
Sir Keir said: “It will make money for the taxpayer. That ought to bring down household bills by about £400 — and that’s a permanent drop.”
