Money blog: Energy bills to fall by more than £100 as new price cap announced

As we've been reporting, the energy price cap has been set at £1,568 a year for a typical dual-fuel consumer and will come into force from July. The new cap represents a 7% decrease from the current rate of £1,690. It has played a significant role in reducing the UK's inflation rate to a near three-year low of 2.3%.

Its forecasts show a typical bill could increase to £1,762 - even higher than the current rate - from October and remain around this level from January 2025.The prediction is due to an uptick in the wholesale market.'It is clear the cap in its current form is not going to bring down bills to pre-crisis levels,' Dr Craig Lowrey, principal consultant at Cornwall Insight, said.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Martin Lewis shares step-by-step guide to get £100+ back from your energy firmAfter hearing Money Saving Expert Martin Lewis' advice on checking your energy credit, one happy customer received a £700 refund while another was due a whopping £1,000
Fuente: new_magazine - 🏆 72. / 59 Leer más »

Martin Lewis shares beautifully simple way to get £100+ from your energy firmAfter hearing Money Saving Expert Martin Lewis' advice on checking your energy credit, one happy customer received a £700 refund while another was due a whopping £1,000
Fuente: new_magazine - 🏆 72. / 59 Leer más »