Energy prices: Ofgem price cap may fall by 1% in January 2026 - Cornwall Insight predictions

Energy prices: Ofgem price cap may fall by 1% in January 2026 - Cornwall Insight predictions

A tiny January fall offers little relief as experts warn network costs could push bills back up ⚡

Energy price cap in expected to fall in January - Credit Connect

Cornwall Insight has released its final forecast for the January – March 2026 Default Tariff Cap (price cap), following the closure of the observation window on 18 November. The new forecast predicts the cap will fall to £1,733 a year for a typical dual fuel household in the new year. This would represent a decrease of £22 and 1% from the current price cap which is set at £1,755 per year. The forecast includes the expected introduction of the Nu…

Energy bills could remain £691 a year higher than 2020

Media reports suggest average household energy bills might drop slightly from 1 January 2026. Experts at Cornwall Insight have said that the Ofgem price cap is expected to dip by 1%, taking an average bill to £1,733 a year. This figure remains £691 higher than before the energy bills crisis started. A spokesperson for the End Fuel Poverty Coalition, commented: “As cold weather warnings are issued across the UK, energy bills remain at crisis leve…

Small fall in UK household energy bills forecast for January, consultancy says

Consultancy Cornwall Insight has forecast a modest reduction in typical household energy costs from January, estimating that annual bills for a household