New analysis by experts at Cornwall Insight suggests that energy bills could be hundreds of pounds lower than previously thought in the latter half of this year - but only after a spike in the spring. The industry analysts said that the average household's energy bill might hit around £2,200 a year from July, some £300 less than previously forecast.
It is around the same as an average family pays today after the UK Government support has been factored in. Without the energy price guarantee or energy bills rebate scheme, the average household would pay £4,279 per year for their energy bills between January and April - the level of the Ofgem price cap.
But the UK Government has overridden the price cap with a promise to pick up the difference and ensure that average bills are £2,500. From April, the support gets less generous and will only reduce average bills to £3,000 as the monthly discount of £67 applied to electricity accounts will end in March.
