Energy bills could fall to average of £2,053 as Ofgem prepares to lower cap

Cornwall Insight predicts that Ofgem’s cap will fall by more than £1,000 from £3,280 for the three months from April to £2,053 from July. Photograph: Phil Noble/Reuters

Household energy bills could fall to an average of £2,053 a year this summer as the regulator prepares to lower its cap on energy prices next week, according to analysts.

However, campaigners have warned that the lower cap on energy bills, to be announced on Thursday, is unlikely to provide much relief to households that struggled to pay their bills over the winter because the government’s support schemes have come to an end.