The price cap on default tariffs is expected to remain above £2,200 for at least the next three periods up to and including the winter of 2023/24, according to Cornwall Insight. The consultancy predicted that the cap would rise to £2,595 for the next period beginning in October, split between £1,086 for electricity and £1,509 for gas.
Price cap forecast to remain above £2,200 until winter 2023
