Ofgem price cap on gas and electricity likely to drop by 7% to £1,720 a year, says consultancy Cornwall Insight
Business live – latest updatesAverage household energy bills could drop by £129, or 7%, in July, according to a new forecast. However, analysts have said “the crisis is not over for bill payers” struggling to afford gas and electricity costs.
Cornwall Insight, a leading energy consultancy, has predicted the industry regulator’s quarterly cap on energy bills will fall to £1,720 a year for a typical dual-fuel household, compared with its current level at £1,849.
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