Household energy bills in Great Britain forecast to fall by £117 a year

The analysts predict that the price cap will fall to an average of £1,641 a year for a typical dual-fuel household from April, down from £1,758. Photograph: Christopher Thomond/The Guardian

Household energy costs in Great Britain are expected to tumble by an average of £117 a year from April after Rachel Reeves announced in November’s budget that the cost of green subsidies would be removed from domestic bills.

The government’s quarterly cap on energy bills is forecast to fall after the chancellor’s decision to shift the levies used to support renewable energy projects into general taxation, and scrap a bill payer-funded energy efficiency scheme, according to Cornwall Insight, a leading energy consultancy.