Most people hadn't heard of it a couple of years ago, but now the energy price cap is rarely out of the news - and Thursday, May 25 is the date when we will find out what's in store for our bills for the three months from July 1.
After nearly two years of rises, it looks likely that the price that households pay for energy will finally drop to around £2055 a year for the average family, according to final predictions from energy experts Cornwall Insight. This will bring the cap below the Government's current Energy Price Guarantee of £2,500.
The predicted drop represents a 18% reduction in energy bills for customers who pay by direct debit and comes just days after energy regulator Ofgem confirmed that the price households pay for energy would "drop considerably" from July.
