Energy prices are expected to fall sharply in April, with the regulator Ofgem announcing its new price cap later on Friday.
Consultancy Cornwall Insight has predicted a 14% drop, taking the typical annual bill to £1,656 – the lowest in more than two years.
Ofgem will make the announcement at 07:00 GMT when it outlines the price cap for April to June.
Ofgem will make the announcement at 07:00 GMT when it outlines the price cap for April to June.
Ofgem’s price cap affects 29 million households in England, Wales and Scotland. Rules are different in Northern Ireland, where prices are also falling.
The regulator sets the maximum amount that suppliers can charge for each unit of gas and electricity but not the total bill, so if you use more, you will pay more.
Cornwall Insight has predicted the annual bill for a household using a typical amount of energy and paying by direct debit, will fall by £272 a year compared with the current level of £1,928.
Energy prices are expected to fall sharply in April, with the regulator Ofgem announcing its new price cap later on Friday.
Ofgem will make the announcement at 07:00 GMT when it outlines the price cap for April to June.
Consultancy Cornwall Insight has predicted a 14% drop, taking the typical annual bill to £1,656 – the lowest in more than two years.
Ofgem will make the announcement at 07:00 GMT when it outlines the price cap for April to June.
Ofgem will make the announcement at 07:00 GMT when it outlines the price cap for April to June.
Ofgem’s price cap affects 29 million households in England, Wales and Scotland. Rules are different in Northern Ireland, where prices are also falling.
The regulator sets the maximum amount that suppliers can charge for each unit of gas and electricity but not the total bill, so if you use more, you will pay more.
Cornwall Insight has predicted the annual bill for a household using a typical amount of energy and paying by direct debit, will fall by £272 a year compared with the current level of £1,928.
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