What is the energy price cap?
MILLIONS of households will soon breathe a new sigh of relief as energy bills are predicted to fall again in July.said they expect the typical household's energy bill to fall from £1,690 a year to £1,574 a year on July 1.
Ofgem changes the price cap every three months based on several factors, the most important of which is the price of energy on wholesale "Households who want to lock in rates for price certainty should run a comparison to see what energy tariffs are available to them. As Sun Money's energy guru, I'm always asked by friends, family, and readers whether it's time to consider switching to a fixed-energy deal.
If the only think you're after is complete price stability over a long period then go ahead take the deal.My head will only begin to turn once deals that are at least £200 or so cheaper than the price cap start hitting the market.
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Money blog: 'Good news' as major drop in energy bills predicted in JulyA significant drop in energy prices has been forecast for July. Read about this and all the latest consumer and personal finance news in the Money blog - and leave a comment or your money problem in the box below.
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