Energy price cap set to fall in July, according to forecast
Forecasters said a slump in global gas prices caused by Donald Trump’s tariffs had contributed to the lower price cap prediction.
By contributor Alex Daniel, PA Business Reporter
Published
Household energy bills are set to fall in July after US President Donald Trump’s trade tariffs caused a slump in global gas prices, according to a forecast from energy consultancy Cornwall Insight.
The group said it expects regulator Ofgem to reveal that the typical household energy bill will fall by 9%, or £166, to £1,683.
The forecasting company said the fall in gas prices has been partly caused by Mr Trump’s aggressive tariff policy.
The tariffs have sparked fears of weaker economic growth across the globe, which means less demand for oil and gas.
