Ofgem's downward revision of average energy use means lower bills forecast but still higher than historical levels

The energy price cap is set to fall again, according to a closely-watched forecast, as the energy regulator has said the average home is using less energy.

The average household will be paying roughly £200 less from autumn than they are from next month, but still"well above" historical levels, energy research specialist Cornwall Insight said., the research firm said it saw the cap for a typical household at the equivalent of £1,871 per year from October to the end of December.

Bills will rise again under the January 2024 price cap, Cornwall Insight forecast. It expects annual bills will reach £1,900 per annum in the three months up to the end of March.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ofgem's downward revision of average energy use means lower bills forecast but still higher than historical levelsCornwall Insight expects the energy price cap to fall again in October but because high prices and energy saving measures meant the average household is using less energy.
Source: SkyNews - 🏆 35. / 67 Read more »

UK lithium mining announced in CornwallTwo companies plan to supply the battery-grade product to the electric car industry within five years.
Source: BBCNews - 🏆 3. / 97 Read more »

Households urged to act in the next 48 HOURS as energy bills set to fallAverage energy bills will fall by £426 from July 1 when Ofgem's new price cap comes into force
Source: Glasgow_Times - 🏆 76. / 59 Read more »

UK Regulator Sharpens Scrutiny On Energy Sector | OilPrice.comOfgem is launching a statutory consultation to make its pledged reforms compulsory, part of which includes stricter rules that energy companies voluntarily agreed to earlier this year.
Source: OilandEnergy - 🏆 34. / 68 Read more »