UK Energy Bills to Drop 9% in July

UK household energy bills are forecast to decrease by about 9% in July, with the typical annual bill dropping by £166—from £1,849 to £1,683—according to Cornwall Insight. The reduction is driven by warmer weather reducing demand and market uncertainty from US trade tariffs, leading to lower wholesale gas prices in Europe. Ofgem's quarterly price cap, affecting around 22–29 million households, will reflect these changes, though bills remain above pre-crisis levels. Experts caution that the energy market is still highly volatile and that further shifts could occur before the new cap is implemented. Analysts argue that long-term stability depends on reducing reliance on international wholesale markets and boosting domestic low-carbon energy generation. Despite this short-term relief, there is no guarantee lower prices will be sustained.