But there is a warning things could get worse next year
The amount that an average household is expected to pay for its energy bills will fall by around £150 per year from the start of October, according to a new forecast. Ofgem’s next price cap, which will be announced on Friday next week, will drop to around £1,925, according to the latest forecast from Cornwall Insight, an energy consultancy.
Instead it caps the amount that they pay per kilowatt hour, or unit, of gas and electricity. The £1,925 figure is calculated based on what Ofgem thinks an average household will use. Those who use less will pay less, and those who use more will pay more. The Cornwall forecast sees bills rising again slightly in the future. In the first three months of next year the analysts think that electricity prices will be 29.48p and gas will be 7.72p, adding around £150 to the average annual bill.
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