A drop of £230 is expected in the annual cost of average energy bills but only because the energy regulator has revised down how much power it says the typical home uses.
The energy price cap is set to fall again resulting in cheaper electricity and gas bills, according to a closely-watched forecast.
Energy bills in the final three months of 2023 are projected to drop before increasing in 2024, according to research firm Cornwall Insight, as they expect strikes at Australian gas facilities will bring up gas prices.But consumers can expect cheaper bills from October as, according to the Cornwall forecast, energy regulator Ofgem will bring its price cap down to £1,823 for an annual average household bill.
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