The energy price cap is forecast to fall below the EPG in the second half of 2023

Default tariff cap forecasts, £ per year

Wholesale

Other

VAT

£4,000

Energy price guarantee

£3,000

3,000

2,000

1,000

0

Q2 2023

Q3 2023

Q4 2023

Wholesale

Other

VAT

£4,000

Energy price guarantee

£3,000

3,000

2,000

1,000

0

Q2 2023

Q3 2023

Q4 2023

Guardian graphic. Source: Cornwall Insights. Note: Other category includes policy, network and operating costs, EBIT, Headroom and Adj Allowance