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than £300 a year, or 16%. just a reminder, 0fgem sets this cap every three months, it s the maximum suppliers can charge per unit and these figures represent a typical bill. if you use more, you pay more. let s speak to dr craig lowrey from cornwall insight hejoins is from norwich. given what s going on in the red sea, why are we not going to see a spike? certainly, the situation that we haveis certainly, the situation that we have is that the uk market and the european market is being relatively well supplied by liquefied natural gas from america, coming straight across the atlantic and as a consequence, what is occurring in the red sea is not currently affecting uk or european supplies. energy plays quite a big role in inflation this looks like the cost of living could really start to ease for people? what we saw when the price cap fell previously, there was the consequential drop in inflation so one can expect that would happen again and we would see energy bills feed

Red seaInterest ratesWall street sharesWorld business reportBull runCornwall energyCraig lowreyWhat s going on in the red seaInsight hejoinsLiquefied natural gasThe cost of livingPrice capMoney inflationEnergy billsEnergy pricesWill upturn