Inflation & Prices
UK Energy Bills Set to Drop 15% in Boon for Taming Inflation
- Cornwall Insight sees typical bill dropping £293 from April
- Lower wholesale energy prices could lead to further declines
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Energy bills for UK households are forecast to fall from April, cutting the typical annual bill by £293 ($369) and helping to lower inflation.
Energy consultancy Cornwall Insight Ltd. predicts the typical tariff will drop to about £1,635 from the current cap as wholesale gas and electricity costs ease. Ofgem is set to announce the new energy price cap, which determines the maximum tariffs suppliers can charge most households in Britain, on Feb. 23.