Yesterday the energy regulator Ofgem announced that the price cap, the limit that utility firms can charge households will fall by 23% in April to £3,280 due to falling wholesale energy prices. Since October the government has paid the difference between the price cap and £2,500 but this threshold is due to rise to £3,000 in April – the same time that the £400 energy subsidy is due to end as well. The decrease in support will save the government an estimated £2.5bn but means higher energy bills for millions. Campaigners have called for the subsidies to be extended, something that the chancellor Jeremy Hunt has been reluctant to commit to. With global energy prices forecast to fall further in the coming months, analysts expect the price cap will fall when next updated in July to £2,112.