"Households across the UK can anticipate a slight reduction in their energy bills from January, as new forecasts predict a modest dip in Ofgem's price cap. Experts at Cornwall Insight suggest the energy regulator's cap will decrease by 1 per cent, translating to an average annual saving of 22 for a typical household, bringing the bill down to 1,733. However, the specialist consultancy's analysts caution that this relief may be short-lived, with expectations for the price cap to rise once more from April."
"Craig Lowrey, principal consultant at Cornwall Insight, said: January's price cap dip might look like good news but it's only part of the picture. Bills are still well above pre-crisis levels and are set to climb again in April, and this time it's not higher wholesale prices driving the rise. The Ofgem energy cap is set to dip by 1 per cent in January, saving consumers about 22 (PA)"
The Independent emphasizes on-the-ground reporting across major issues and seeks donations to continue sending journalists and keep reporting free of paywalls. The outlet highlights investigations and documentary work, and positions donations as essential to sustaining reporting and reaching audiences across the political spectrum. Forecasts from Cornwall Insight predict a 1 per cent fall in Ofgem's energy price cap in January, equating to roughly £22 annual savings and lowering an average bill to £1,733. Analysts warn that the January dip may be temporary, with expectations that the price cap will increase again from April.
Read at www.independent.co.uk
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