Millions of homes across the UK could see their energy bills drop within weeks.
Experts predict that charges for gas and electricity will decrease in July, but this might only be the start. Suppliers will also be competing for business again, meaning prices will be driven down further, reports LancsLive.
Wholesale gas prices across Europe will also return to levels they were when the war in Ukraine broke out which skyrocketed prices, another positive sign for households. Dr Craig Lowrey, principal consultant at energy forecasters Cornwall Insight, said this will “hopefully bring some cautious optimism that the era of exceptionally high energy bills is behind us”.
