Annual energy bills for a typical household are expected to fall slightly to £1,926 from October, according to a new forecast.
Consultancy firm Cornwall Insight predicts bills could drop by £148 under a new official price cap set to be announced by Ofgem next week.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
Kate Mulvany, senior consultant at Cornwall Insight, told the BBC’s Today programme that while wholesale energy prices had been falling, the drop in bills from October will probably be a little less than consumers were hoping for.
“Unfortunately… our forecasting to the end of this decade is that prices are going to stay higher than people were used to before the energy price crisis.”
The energy watchdog, Ofgem, sets a maximum price that suppliers can charge customers per unit of gas and electricity.
It applies to households on variable or default tariffs in England, Wales and Scotland, but the actual amount paid by customers will vary depending on the amount of gas and electricity they use.
Annual energy bills for a typical household are expected to fall slightly to £1,926 from October, according to a new forecast.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
Consultancy firm Cornwall Insight predicts bills could drop by £148 under a new official price cap set to be announced by Ofgem next week.
Kate Mulvany, senior consultant at Cornwall Insight, told the BBC’s Today programme that while wholesale energy prices had been falling, the drop in bills from October will probably be a little less than consumers were hoping for.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
Kate Mulvany, senior consultant at Cornwall Insight, told the BBC’s Today programme that while wholesale energy prices had been falling, the drop in bills from October will probably be a little less than consumers were hoping for.
“Unfortunately… our forecasting to the end of this decade is that prices are going to stay higher than people were used to before the energy price crisis.”
The energy watchdog, Ofgem, sets a maximum price that suppliers can charge customers per unit of gas and electricity.
It applies to households on variable or default tariffs in England, Wales and Scotland, but the actual amount paid by customers will vary depending on the amount of gas and electricity they use.
#Energy #bills #predicted #drop #October
Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))
