The average annual energy bill is expected to fall to below £2,000 this autumn, according to the latest Ofgem energy price cap predictions.
Cornwall Insight said in its most recent forecast that it expects the price of an average annual bill to fall to £1,978.33 from October - down by around £100 from July’s £2,074. It said it then expects a small rise from January to £2,004.40.
However, Ofgem is also adjusting its definition of the average household’s consumption from October, down from the current 2,900 kWh a year for electricity to 2,700 kWh, and from 12,000 kWh for gas to 11,500 kWh, to reflect consumers using less energy to cut costs in the face of high prices.
