The group said: “Our forecasts show prices in the second half of 2023 remaining below the Energy Price Guarantee (EPG) level, and therefore will not cost the Government any money from July.
“With wholesale prices still well above pre-pandemic levels, the lower cost of the scheme is likely to spark conversation on the additional energy bill support the Government may now be able to offer households.”
However, the group also warned due to current market volatility, average bills from July could range anywhere between £2,421 and £1,981 in July.
Many other household bills are also increasing from next month, including water bills, broadband and mobile bills and council tax.
