Ten Things You Need to Know Today: 1 July 2023

The Week’s daily digest of the news agenda, published at 8am

1. ‘First act’ of energy crisis ‘over’

Households will pay less for their gas and electricity from today after Ofgem dropped its price tag - but bills will still be almost double what they were before the energy crisis. The average household energy bill will fall by £426 a year from 1 July. The chief executive of British Gas-owner Centrica, Chris O’Shea, said last night that the “first act” of the energy crisis was over but risks remained.

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