Falling wholesale costs will result in a sub-£2,000 price cap later this year, an industry expert has predicted, but prices are “still considerably higher than historic levels”. Investec analyst Martin Young said this latest forecast marks the first time since December 2021 his company has predicted a cap below £2,000 and that switching could return this summer, albeit focused on customer service / innovation rather than price.
Investec forecasts sub-£2,000 price cap
