Forecasts suggest bills for households may drop later in the year, although a rise in April remains certain.
Energy bills could fall later this year, a forecast suggests, but households are still certain to face higher prices in a few months' time.
"Even if energy prices continue at current levels - which is a big if - the costs to the government over the full period of the Energy Price Guarantee are still contributing to government borrowing and will ultimately fall at the feet of consumers in the form of higher taxes." That is still a massive hike on the bills people had been accustomed to. In the winter of 2021-22, the typical annual bill was £1,277.Although bills are extremely high, the wholesale prices paid by suppliers - in advance of selling it on to consumers - have started to fall.. Many European countries had also already filled their gas storage facilities.
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British household energy bills likely to be lower after warm weather\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
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