July energy price cap forecasted at £1,574

The July price cap is predicted to be £1,574 per annum.This represents a fall of approximately 7% from the current price cap, set at £1,690 per year for a typical consumer.
If these predictions hold, it would mark a 25% decrease over the past year, with prices around £500 lower than in July 2023.Cornwall Insight has released its final forecast for the July-September Q3 2024 Default Tariff Cap following the closure of the observation window on 16th May.Looking ahead, Cornwall In