Europe EditionEnergy bills set for series of falls as price cap due to be lowered, says forecaster
- Energy bills for typical households in England, Scotland, and Wales will fall by around 7% to £1,720 annually starting in July 2025 as Ofgem lowers the price cap.
- This reduction follows three consecutive price cap increases and is influenced by easing trade tensions and changes in wholesale energy costs, though risks remain due to global instability.
- Cornwall Insight forecasts further modest decreases in the price cap throughout autumn 2025 and early 2026, while noting the price cap limits unit costs but not total energy consumption bills.
- Dr Craig Lowrey from Cornwall Insight described the reduction in the price cap as a positive change that will provide some relief to families after an extended time of elevated energy prices.
- Despite expected price falls, many households still face high energy costs amid a cost-of-living crisis, and price volatility suggests affordability risks remain significant going forward.
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The IndependentReposted by 
The Independent (US)
The Independent (US)Energy bills set to fall for millions of households within months
Bills are set to fall due to fluctuations in global gas and oil prices
·London, United Kingdom
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R 33%
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