default tariff cap

  • Press Releases

    Ofgem cut the price cap but bills forecast to rise this winter

    Ofgem has today announced the July Default Tariff Cap (price cap) at £1,568 a year for a typical dual fuel consumer1. This is a 7% decrease from April’s cap set at an annual rate of £1,690. While wholesale prices have rebounded in recent weeks from their 30-month lows in February,...

  • Press Releases

    Cornwall Insight release final forecast for July price cap

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the July-September Q3 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on 16 May....

  • Press Releases

    Wholesale price hikes and Ofgem updates raise price cap forecast

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. New Default Tariff Cap (price cap) forecasts from Cornwall Insight reveal a rise in predictions for both the July and October 2024 price cap periods against previous...

  • Press Releases

    Cornwall Insight responds to the announcement of the April price cap

    Ofgem has today announced the April Default Tariff Cap (price cap) at £1,690 a year for a typical dual fuel consumer1. This is a 12% decrease from January’s cap set at £1,928 a year. A healthy flow of gas across the Atlantic, coupled with a relatively mild winter, has seen...

  • Press Releases

    Cornwall Insight’s final forecast for the April price cap

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the April – June Q2 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on...

  • Press Releases

    Cheapest fixed energy tariff £130 more than April price cap forecasts

    Households choosing to sign up to any of the fixed energy tariffs currently available, could end up paying around £130 more on average than the projected April Default Tariff Cap (price cap), according to Cornwall Insight’s Domestic Tariff Report. Our latest price cap forecasts1 show the cap dropping by 16%...

  • Press Releases

    Price cap predictions continue to fall despite disruption in the Red Sea

    Tensions in the Red Sea have failed to derail the prospect of lower household energy bills from April, as our latest forecast for the April 2024 Default Tariff Cap (price cap) indicates. Predictions have fallen £40 p/a since December, with a typical dual fuel consumer1 now expected to pay an...

  • Press Releases

    Price cap predicted to fall by 14% in April

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Forecasts for the April 2024 Default Tariff Cap (price cap) show a fall of 14% in the second quarter of the year, with a typical dual fuel...

  • Press Releases

    Cornwall Insight responds to the announcement of the January price cap

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Ofgem has today announced the January Default Tariff Cap (price cap) at £1,928 a year for a typical dual fuel consumer1. This is a 5% increase from...

  • Media Mentions

    City AM| Energy bills set to rise by 5%

    We released our final price cap predictions for January 2024, showing that average bills would be rising by £100. Dr Craig Lowrey our Principal Consultant explained why the UK’s reliance on energy imports, made it inevitable that energy bills would rise from current levels. City AM

  • Press Releases

    Cornwall Insight’s final forecast for the January price cap

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the January – March Q1 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on...

  • Press Releases

    Price cap forecast to remain above current level until end of 2024

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Forecasts for the 2024 Default Tariff Cap (price cap) have risen in response to growing volatility in the global wholesale energy market. Latest predictions, place a typical1...

  • Press Releases

    Cornwall Insight release price cap forecasts for 2024

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Prior to the introduction of the October - December 2023 Default Tariff Cap (price cap), Cornwall Insight has announced its forecasts for 2024. Our new figures predict...

  • Press Releases

    Social tariffs could cut energy bills by £300 for poorest households

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Introducing social tariffs has the potential to reduce the energy bills of the country's most vulnerable by over £330 a year, at a relatively low cost to...

  • Press Releases

    Cornwall Insight’s response to the announcement of the October price cap

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Ofgem has today announced the October Default Tariff Cap (price cap) at £1,923 a year for a typical dual fuel consumer1 for the final three months of...

  • Press Releases

    Cornwall Insight’s final forecast for the October price cap

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the October – December Q4 2023 Default Tariff Cap (price cap) following the closure of the observation window1 on...

  • Media Mentions

    Radio 4 Today| October price cap forecast

    Following the release of our final price cap predictions for October, our Senior Consultant Kate Mulvany was interviewed on Radio 4's Today Programme. She spoke on the upcoming cap, what bills could look like going through 2024 and what consumers need to consider when looking at new tariffs. Radio 4...

  • Press Releases

    Households unlikely to benefit from fixed tariffs over the coming year

    Data analysed by Cornwall Insight has shown that households choosing to sign up to any of the fixed energy tariffs currently available would be unlikely to experience savings in their energy bills over the next year when compared to Cornwall Insight’s forecast price cap rates1. As energy prices continue to...

  • Press Releases

    Average price cap forecasts fall as Ofgem revises definition of typical energy consumption

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Prior to the upcoming introduction of the July Default Tariff Cap (price cap), Cornwall Insight is unveiling its latest predictions. Starting from October 2023, the forecast stands...

  • Media Mentions

    Radio 4 Today| Price Cap

    Our Senior Consultant Kate Mulvany was interviewed following Ofgem's announcement of the July price cap. Kate delved into the reasons behind the reduction in the price cap, shed light on the anticipated trajectory of customers' bills in the coming months, and explored the factors that could potentially influence energy prices....

  • Press Releases

    Cornwall Insight responds to the announcement of the July Price cap

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Dr Craig Lowrey, Principal Consultant at Cornwall Insight said: “Ofgem’s announcement that July’s Default Tariff Cap (price cap) will fall to an average1 £2,074 p/a, will undoubtedly...

  • Media Mentions

    Reuters| Price Cap

    Our Principal Consultant, Craig Lowrey, was featured in Reuters, emphasising the need for cautious optimism regarding the energy crisis. While bills were projected to decrease, Craig cautioned that they would likely remain higher than pre-pandemic averages for the foreseeable future. Reuters

  • Press Releases

    Cornwall Insight release latest price cap predictions

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. The latest Default Tariff Cap (price cap) predictions from Cornwall Insight have been released. These are calculated from market closing prices on Friday 3 February. Figure 1: Cornwall Insight’s Default...

  • Press Releases

    Drop in wholesale energy prices sees price cap predictions fall below the Energy Price Guarantee for second half of 2023

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bills for a typical household are predicted to be below...

  • Press Releases

    Price cap forecasts for January rise to over £4,200 as wholesale prices surge again and Ofgem revises cap methodology

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. New forecasts for the January Default Tariff Cap (price cap) from Cornwall Insight have risen by over £6501, meaning a typical household is now predicted to pay...

  • Press Releases

    Cornwall Insight responds to the BEIS Committee report on Energy Pricing and the future of the Energy Market

    A report from the Business, Energy and Industrial Strategy Committee (BEIS) on Energy pricing and the future of the energy market, published today (26 July), has laid out a number of recommendations on how Ofgem and the government could lower consumer energy bills and reduce instability in the energy market....

  • Press Releases

    Default Tariff Cap forecast climbs further as Ofgem announcement looms

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. New forecasts from Cornwall Insight have seen the Default Tariff Cap for Q1 2023 (Jan-Mar) rise to £3,363 a year for an average domestic consumer, increasing significantly...