📢 Final April Price Cap Prediction
Cornwall Insight have released our final April - June 2025 price cap prediction. We are forecasting energy bills will be £1,823 a year for a typical dual fuel consumer.
This would represent a 5% increase compared to the January price cap. Read our full release here:
bit.ly/3CKexMT
Breakdown:
Standing Charge (£/day): Elec-0.53, Gas-0.29
Unit Costs (p/kWh): Elec-26.57, Gas-7.00
The increase in bills has been anticipated for some time, as a volatile international market saw prices rise, however the cap forecast has risen in recent weeks as the combination of colder weather and reduced renewables production saw gas storage levels fall across Europe, resulting in wholesale prices rising sharply.
Uncertainty over the outlook for the April cap and beyond is also being compounded by a number of Ofgem consultations on its future structure.
Looking ahead, the announcement of talks between Russian and American officials aimed at ending the Ukraine conflict have seen gas prices fall, and while this has come too late to affect the April cap, the effects are being seen from July 2025 onwards, with prices expected to fall slightly in the third quarter of the year, before rising again in October.
Interested in getting price cap predictions through to 2030? Explore our Domestic Tariff Cap Predictor service:
bit.ly/3URsPRz