Ofgem's downward revision of average energy use means lower bills forecast but still higher than historical levels

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Ofgem's downward revision of average energy use means lower bills forecast but still higher than historical levels
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Energy bills to come down in October - but not for the reason you might think

The energy price cap is set to fall again, according to a closely-watched forecast, as the energy regulator has said the average home is using less energy.

The average household will be paying roughly £200 less from autumn than they are from next month, but still"well above" historical levels, energy research specialist Cornwall Insight said., the research firm said it saw the cap for a typical household at the equivalent of £1,871 per year from October to the end of December.

Bills will rise again under the January 2024 price cap, Cornwall Insight forecast. It expects annual bills will reach £1,900 per annum in the three months up to the end of March.

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