Chart of the week | How low can you go? The price cap to fall by £77/year

Just over two months after the default tariff cap was increased for summer 2019, our thoughts have turned to Ofgem’s 1 October winter 2019-20 adjustment to the cap. The start of May marked the start of the second half of the data window for wholesale costs in the cap formulas.

In this week’s Chart of the Week, we discuss our forecasts that show there is likely to be a significant reduction to the default tariff cap in the winter 2019-20 period.

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