Energy bills may be hundreds of pounds lower than previously thought, according to new analysis.
Experts at Cornwall Insight have indicated that the average household's energy bill will hit around £2,200 a year from July - around £300 less than previously thought. This would be around the same as an average family pays today with government support.
However, without backing from the government, the average household would pay £4,279 per year for their energy bills between January and April which is equivalent to Ofgem's most recent price cap. However, this cap was overridden by the government to ensure that average bills are capped at £2,500 - but, this will end from April with the average bill only being reduced to £3,000.
