If you are looking for a detailed analysis of today's cut in the energy price cap then the following from Martin Lewis is worth digesting.The founder of Money Saving Expert has split his reaction into three sections.The goodLewis says the cap will drop on 1 July by an average of 7.2% for Direct Debit customers, 6.9% for prepay customers, and 7.1% for those who pay when they get a bill.The cap will fall to £1,568 a year - a drop of £122 from the previous quarter.
The gas unit rate will be 5.48p/kwH - down 9% from 6.04p.And the gas standing charge will be 31.41p - slightly down from 31.43p.Lewis says the results of a consultation on standing charges are likely to be published sometime in the 'summer', adding: 'Whenever that is.'The uglyAs we reported in our post at 7.34am, respected market researcher Cornwall Insight is predicting that bills are likely to rise once more in the run-up to winter.
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