Ofgem today confirmed that the Q2 price cap will remain significantly higher than pre-crisis levels, causing the energy industry to urge the government not to "ignore" these sky-high prices "as the new normal".
Cornwall Insight's latest price cap predictions reach their lowest in over two years, but principal consultant Dr Craig Lowrey warns the UK energy system remains on a "tightrope."
Ofgem has confirmed the Default Tariff Price Cap between 1 January to 31 March 2024 will be set at £1,928 - £2,356 less than the price cap for the same period this year.