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.

May 21, 2023 . 3:58 PM

1 min read

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.