The CEO of energy regulator Ofgem has predicted that average customer energy bills will start to fall in July. Jonathan Brearley shared the "good news" while being quizzed by MPs this week.
He told the Business Select Committee he expects household energy bills to dip beneath the Government's Energy Price Guarantee in July, the Express reports. The forecast will be welcomed by millions of households who have been hit by soaring gas and electricity prices amid the cost of living crisis.
"We recognise, everyone recognises that customers are in an incredibly difficult position right now," he said. "The gas crisis has stages and right now we are seeing the full impact on customers’ bills.
