Energy Price Cap Takes Another Dip – What You Need to Know
Brook as the wind is mischief, the latest forecast from Cornwall Insights tells us that England’s energy price cap will slide from £1,720 to £1,698 this October. That’s the amount households pay for a “dual fuel” (£1,698 for gas and electricity combined).
Why the Numbers Keep Changing
Two months remain before Ofgem finalises the official cap, so numbers can wiggle a bit as the regulator crunches the final data.
Craig Lowrey’s Take on the Bigger Picture
- “Little dips aren’t the whole story.”
Economists say even though it’s a welcome wobble, the gap between today’s prices and pre‑pandemic levels is still wide open. - International markets hold us hostage.
We’re plugged into worldwide supply, which means local prices can blow up with global events, just like last month’s shock. - The fix? Fast‑track renewables.
Only by building a home‑grown, green power stack can we shield everyday users from price rollercoasters.
“It won’t be a overnight miracle and the transition has short‑term costs,” Lowrey reminds us, “but in the long run, a self‑sufficient grid is the safest bet for a stable, sustainable future.”
How You Can Stay Ahead
- Check your energy bills regularly – a small drop matters.
- Keep an eye on upcoming policy changes from Ofgem.
- Consider investing in renewable options, like solar panels, to get out of the international market loop.
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