Cornwall Insight has released new forecasts for the July 2026 Energy cap.
Forecasts for July now sit at £1,929 per year for a typical dual‑fuel household
While predictions have dipped slightly in the past few days – £44 since 19 March – the forecast still represents a rise of £288 or 18% percent on the April 2026 level of £1,641.
The slight reduction in the forecast follows a partial steadying in wholesale markets after a pause in energy infrastructure strikes and signals of a potential ceasefire in the Middle East conflict.
Wholesale gas prices surged after the Middle East conflict disrupted tankers moving through the Strait of Hormuz, a major route for global Liquified Natural Gas (LNG), and damaged key oil and gas facilities in the Gulf.
Markets are still feeling the impacts of the conflict and remain highly volatile.
