Updated industry forecasts indicate Ofgem’s default tariff price cap is likely to dip by around 1% in October 2025 to roughly £1,698 a year for a typical dual-fuel customer (direct debit), down from £1,720 in Q3.
While the reduction is modest, it would extend the gradual normalisation of bills from their 2023 peaks and marginally ease pressure on household budgets.
The outlook reflects wholesale gas and power prices stabilising at lower levels, improved storage, and softer demand.
However, analysts caution that geopolitical risks and weather can quickly shift the trajectory, and that standing charges remain elevated, blunting the benefit for low-usage customers.
For the broader economy, any relief supports real disposable incomes and may reduce arrears stress, but the cap remains far above pre-crisis norms, keeping energy efficiency and targeted support on the policy agenda.
Retailers have begun to re-introduce competitive fixed deals, some below the projected cap, appealing to customers prioritising bill certainty; yet locking in carries the risk of overpaying if the cap falls further in 2026.
Businesses on variable contracts see similar dynamics, with procurement strategies focusing on staged hedging and flexibility ahead of winter.
Despite earlier predictions of a fall, UK households are now being warned that their energy bills are expected to rise from October.
Barclays moved to sell around £236m of inflation-linked Thames Water debt, highlighting broader de-risking in the lender market.
The embattled utility completed drawdown of its first £1.5bn lifeline, extending liquidity coverage into mid-December 2025.
More households are eyeing fixed energy deals for bill certainty as forecasts point to only marginal cap moves.
The Institute for Fiscal Studies (IFS) has reported that planned council tax reforms could lead to significant bill increases for households in affluent regions like London and the home counties.
Londoners are purchasing the lowest proportion of houses outside the capital in over a decade due to stalling local prices and the shift back to office working.
FTSE 100 property developer Berkeley Group has warned of a housing slowdown in London, forecasting further decline unless the government addresses regulatory and tax hurdles.
Amazon offers 45% discount on L'Oreal Paris Laser Renew Anti-Ageing Triple Action Eye Cream.
UK borrowing costs for 30-year debt reached 5.72%, a 27-year high, raising fears of economic decline.
Poundland plans to close up to 68 stores in 2025 following financial difficulties and restructuring.
Chancellor Rachel Reeves announced the autumn budget for November 26, aiming to address a £30 billion deficit with growth measures.
Financial expert Martin Lewis has issued a strong warning against criminals who use his name and deepfake technology in 'disgraceful' online adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
The Powerball jackpot has soared to an estimated $1.3 billion, the fifth-largest in the lottery's history, after no winning ticket was sold in the latest drawing, marking the 41st consecutive drawing without a winner.
The UK's long-term borrowing costs have reached a 27-year high, fueling speculation about the government's economic credibility and the future of Chancellor Rachel Reeves following a significant government reshuffle.
Experts caution that Premium Bonds winnings may lead to unexpected tax bills depending on how they’re used.
McVitie’s introduces a new caramel-flavoured Penguin biscuit available in major UK supermarkets just in time for autumn.
Despite a wider trend of decreasing car insurance premiums in the UK, a new report indicates that prices for drivers under the age of 25 have seen a recent increase.
A major government reshuffle has fueled speculation about the future of Chancellor Rachel Reeves as the UK's long-term borrowing costs reach a 27-year high amidst broader European economic uncertainty.
The Powerball jackpot has skyrocketed to an estimated $1.3 billion after no one won the top prize in the latest drawing, marking the 41st consecutive drawing without a winner and setting up the fifth-largest jackpot in the lottery's history.
Greggs has introduced a £5 meal deal nationally along with new autumn-inspired menu items including Chicken Fajita Bake and Pumpkin Spice specials.
Financial expert Martin Lewis has issued a powerful warning against online criminals who use his name and deepfake technology in 'disgraceful' adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
New data reveals councils increasingly use one-off cash incentives to persuade private landlords to accept homeless households, costing taxpayers millions.
Councils are spending millions placing homeless families in hotels due to housing shortages, raising questions about long-term policy failures.
Clase Azul is a premium Reposado Tequila that is as famous for its elegant, hand-painted ceramic decanters as it is for its contents.
Formula 1's elite showcase their extravagant maritime lifestyles with multi-million pound yacht collections, from Toto Wolff's €22m vessel to Charles Leclerc's twin boats.
Following Congress’s vote to strip federal funding, public TV and radio stations race to fill budget holes with local donations, reduced network dues, and a national rescue push.
Labour accused of planning to replace traditional meat with insect proteins in British diets to cut carbon emissions.
Virgin Voyages introduces its fourth Lady ship, the Brilliant Lady, designed as an adult-only party cruise with innovative entertainment and dining.
Lords and Ladies of the manor are facing financial difficulties, leading them to sell off their historic estates due to declining revenues and the high cost of maintenance.
A price increase for the weight-loss drug Mounjaro has sparked affordability concerns among its 1.5 million users in the UK, despite a discount being offered.
