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.
Ahead of Ofgem’s new price cap coming into effect on Saturday 1 July, 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.
