- latest: Energy price cap to fall - here's what analysts are predicting

The average household using buy now pay later schemes - such as Klarna and Clearpay - owes £866.

This still means the total annual cost per customer will be different depending on how many people you live with, the size of your home and how much energy you use. At the moment, it is set at £2,074 - which is based on how much energy is estimated to use in a year.So what do analysts think it could fall to? This would mean energy bills would fall by roughly £150 a year. However, Ofgem has recently reduced how much energy it assumes an average household will use, which could mean it is lowered even further. But, the Cornwall forecast sees bills rising again slightly in the future.

They have taken a typical eight hours of sleep and assumed that the electricity cost is 30p per kWh - the average price capped rate from 1 July. Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said the ability to pay into a partner or child's pension was an"important financial planning opportunity".

Source: Energy Industry News (energyindustrynews.net)

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