energy price cap

Energy price cap forecast to rise by five per cent

17th November 2023 Consumer Collections | #energy price cap

Latest Cornwall Insight’s analysis has suggested that the energy price cap is expected increase by five percent in the first quarter of next year, before declining from the end of March. Based on it;s analysis, for a typical dual fuel household, it has predicted that the Q1 2024 price cap will be £1,931, this is…

Energy price cap forecasted to remain above current level until end of 2024

7th November 2023 Consumer Collections | #energy price cap

Forecasts for the 2024 Default Tariff Cap (price cap) have risen in response to growing volatility in the global wholesale energy market according to Cornwall Insights. Latest predictions, place a typical1 dual fuel consumer’s January energy bill at £1,923 per year, with a small rise to £1,929 in April 2024. While already predicted to increase in…

Energy price cap will drop to £1,923 from October

25th August 2023 Arrears and Recoveries | #energy price cap

Ofgem has announced that its energy price cap will drop to £1,923 from 1st October 2023, a decrease of 7 per cent compared to April’s level but £646 higher than two years ago. The drop reflects further falls in wholesale energy prices, as the market stabilises and suppliers return to a healthier financial position after…

Energy price cap predicted to fall in October

21st August 2023 Arrears and Recoveries | #energy price cap

Annual energy bills for a typical household are expected to fall at least £150 from October, according to new figures from Cornwall Insight. The research suggests that he energy price cap will drop to £1,925 when announced by regulator Ofgem next week, down from £2,074 for the current period, from July to September. Dr Craig…

Cheaper fixed rate energy tariffs predicted to return

10th May 2023 Arrears and Recoveries | #energy price cap

Research from Cornwall Insight has found that price cap projections have shifted just £38 since March, with a typical household now predicted to pay approximately £2,060 per year from July. The stabilisation of the forecasts reflects the decreased volatility in the wholesale energy market, with the relatively mild winter, higher than-predicted European storage levels and…

Energy bills expected to rise by £500 despite expected price cap fall

21st February 2023 Arrears and Recoveries | #business confidence #energy price cap

Research by Cornwall Insights has predicted that energy bills will rise by an estimated £500 a year despite an expected reduction in Ofgem’s household energy cap. Cornwall Insight predicts the cap for a typical household will be £3,294 equivalent per year meaning that customers will pay about 20% more on their bills, approximately £500, as…

Energy price freeze eases recession risk

13th September 2022 Consumer Collections | #energy price cap

Economists believe the energy price cap announced by new Prime Minister Liz Truss as part of a rescue package significantly cuts the chances of Britain going into recession according to EY Item Club analysis. The EY ITEM Club now expects CPI inflation to peak below 11% in October, rather than the 15% peak which might…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.

42851

Login