Energy Price Cap in Britain Expected to Fall by 14% in April

Despite the anticipated decrease, global events and regulatory changes could introduce uncertainty, warns Cornwall Insight.

Energy price cap in Great Britain is expected to fall by 14% in April due to cheaper oil and gas prices, according to Cornwall Insight.
The average annual electricity and gas bill is projected to fall by about £268 to £1,660 in April.
Despite the anticipated fall, global events such as disruption to shipping in the Red Sea add uncertainty to the prediction.
Cornwall Insight forecasts further declines in the price cap, with a drop to £1,590 in July before a slight increase to £1,640 from October.
Changes to rules on standing charges and debt collection by the regulator could add further uncertainty for households.