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."
The latest Default Tariff Cap prediction for April has fallen by £40 since December, with energy costs in 2024 estimated to hit their lowest since the Russia-Ukraine war began.
