Ahead of the industry regulator’s determination on the price cap level due next week, energy research specialist Cornwall Insight said it saw the cap for a typical household at the equivalent of £2,053 per year from July-September.
That was down from the £3,280 level set by Ofgem for March-June and reflected continuing falls in wholesale energy costs, particularly for gas, over the year to date which accelerated as winter temperatures gave way.
The price cap does not currently apply due to help for energy bills from the government.
