Comment on Cornwall Insight energy price cap forecasts

Jess Ralston is available for interview.

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By George Smeeton

info@eciu.net

Last updated:

Commenting on the latest energy price cap forecasts released by Cornwall Insight [1], Jess Ralston, Energy Analyst at the Energy and Climate Intelligence Unit (ECIU) said:

“Extremely mild winter weather across Europe has caused temperature records to tumble, and with them gas prices.

“The Energy Price Guarantee is now predicted to cost the Government nothing in the second half of this year, so there may be a pot of cash available that could be spent on making our leaky homes cheaper to run in the long term.

“Helping people to put in loft and wall insulation now could help to shield households from future gas price volatility, which is a feature of gas markets, while lowering bills.”


Notes to editors:

  1. The latest forecasts for the Default Tariff Cap (price cap) were released by Cornwall Insight today: https://www.cornwall-insight.com/winter-2023-24-price-cap-forecasts-fall-further-below-2022-23-epg-but-long-term-prospects-remain-uncertain/

For more information:

George Smeeton, Head of Communications, ECIU, Tel: 07894 571 153, email: george.smeeton@eciu.net