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Financial Times

UK household energy price cap to fall by £1,200 in July, analysts forecast

UK household energy price cap expected to drop by over £1,200 in July, bringing relief to government as it tackles cost of living crisis. Wholesale prices have fallen due to mild winter and use of alternative sources.

UK household energy price cap to fall by over £1,200 in July due to drop in wholesale prices.
Final estimate for cap in July ranges from £1,933 to £2,054.
Gov't tackling cost of living crisis, cap will put bills below £3,000 threshold for support.
Cap limits amount energy suppliers can charge customers on default tariffs.
Wholesale prices have fallen due to mild winter and use of alternative sources.

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