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, new analysis has suggested. The average household's energy bill might hit around £2,200 a year from July, around £300 less than previously thought, experts at Cornwall Insight said.
It is around the same as an average family pays today after the Government support has been factored in. Without backing from the Government 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 Government has overridden the price cap with a promise to pick up the difference and ensure that average bills are £2,500. It has also been sending £400 to every household in the country between October and March. From April the support gets less generous and will only reduce average bills to £3,000.
