Energy bills set to drop from January as UK braces for winter cold front
Relief for Britons as energy bills set to drop by £22
- UK households are forecast to see a slight reduction in energy bills from January, with Ofgem's price cap predicted to decrease by 1 per cent.
- This reduction, according to Cornwall Insight, will result in an average annual saving of £22, bringing the typical household bill down to £1,733.
- The predicted fall is attributed to a slight drop in wholesale energy prices, despite the expected introduction of a Nuclear Regulated Asset Base levy.
- However, experts caution that this relief will be short-lived, with the price cap expected to rise again from April.
- The April increase is estimated to be around £75 annually for an average household, primarily due to rising charges for energy network operation and maintenance.