Six months ago, Cornwall Insight, a consultancy that nobody had previously heard of, was forecasting that the energy price cap would reach £6,616 per year.
Mainstream media accepted that without question. In fact, the price cap was set at £2,500 and although the government has said that it will be lifted to £3,000 in April, gas prices have fallen so far that the same firm is now forecasting that the cap will be only £2,200. Gavin Law from the McInroy & Wood division of leading energy consultants Wood MacKenzie remains cautious.
