Cornwall Insight July price cap forecast: comment
Comment on Cornwall Insight July price cap forecast

By Jess Ralston
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Commenting on the July - September Q3 2025 price cap forecast from Cornwall Insight [1], Jess Ralston, analyst at the Energy & Climate Intelligence Unit (ECIU), said:
"Predicted falls in energy bills simply cancel out recent rises, meaning the crisis is not over for bill payers who are still struggling with gas prices significantly above pre-crisis levels.
"Costs of oil and gas will always be volatile and can be manipulated by foreign actors like Putin, but every home that is insulated and has a heat pump installed reduces our gas demand and so exposure to these geopolitically vulnerable markets. Cutting insulation schemes would fly in the face of recommendations from multiple experts including the Energy Crisis Commission. [2]
"UK's renewables are boosting our energy security and stabilising prices by reducing the amount of gas we need to import from abroad as the North Sea gas output continues its inevitable decline. Wholesale gas has cost the UK more than £140bn over the past few years." [3]
Notes to editors:
1. Cornwall Insight Release Final July Price Cap Forecast: https://www.cornwall-insight.com/press-and-media/press-release/cornwall-insight-release-final-july-price-cap-forecast/
2. The Energy Crisis Commission's recommendations included increasing investment in energy efficiency and strengthening energy efficiency regulations: https://energycrisiscommission.uk/
3. Russian invasion anniversary: £140bn gas bill for UK since crisis began: https://eciu.net/media/press-releases/2025/russian-invasion-anniversary-140bn-gas-bill-for-uk-since-crisis-began
For more information or for interview requests:
George Smeeton, Head of Communications, ECIU, Tel: 07894 571 153, email: george.smeeton@eciu.net