Ofgem has announced a 7% drop in the energy price cap, bringing some relief to millions of households facing high living costs. Effective from next month, this decrease will see the average annual bill fall by approximately £122 for a typical household using gas and electricity.

For homeowners and prospective buyers, this could influence overall affordability and improve running costs, especially in energy-efficient properties. It also renews focus on the importance of EPC ratings, with buyers increasingly drawn to homes that are well insulated and cheaper to heat.

While the drop is welcome, energy bills remain significantly higher than pre-2021 levels, meaning energy-saving features such as double glazing, modern boilers, and solar panels remain strong selling points. For sellers, highlighting these features during viewings or marketing could give your home a competitive edge.