Uswitch responds to Cornwall Insight’s final prediction for April's energy price cap
Richard Neudegg, director of regulation at Uswitch.com, comments: “After a painful two years of sky-high energy bills, suggestions of a 15% drop in rates could be some light at the end of the tunnel.
“While the price cap won’t officially be announced until next week, today’s forecast is a clear indication that energy prices are finally moving in the right direction and would be the lowest cap in two years.
“Consumers won’t feel the benefit from a fall in rates until the price cap comes into effect in April, so positive though today’s prediction is, it can’t help households save on heating their homes just yet.
“Prices are forecast to fall again in July, but the market remains unpredictable, and it is hard to know how energy rates will look when usage climbs again in winter.
“With more than just a glimmer of hope on the horizon for wholesale energy costs, all eyes are now on suppliers to see how they will price their other deals.
“Consumers have waited long enough for better tariff choices, and desperately need the opportunity to take advantage of cheaper rates.”
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including energy, broadband and mobiles.
More people go to Uswitch to switch their energy, broadband and mobile than any other site, and we have saved consumers over £2.7 billion off their bills since we launched in September 2000.
Free mobile app Utrack also helps households manage their home energy usage and make potential savings.
Uswitch is part of RVU, a group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.