Falling wholesale energy costs on the back of Middle East peace deal herald the possibility of lower winter bills for UK households - but not by much

Analysts at Cornwall Insight said they now believe the energy price cap will remain fairly steady in October

The price cap for household energy prices set by Ofgem will lift by 13 percent or £18 a month from July 1 - experts have urged for more action to bring bills down

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The energy price cap is forecast to fall by around 0.5% in October as the US-Iran 60-day ceasefire helps to stabilise wholesale markets.

Falling wholesale energy costs on the back of Middle East peace deal herald the possibility of lower winter bills for UK households - but not by much