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Energy bills ‘expected to fall again but rises on the horizon’

August 18, 2023

Via: Sky News

Energy bills in the final three months of 2023 are projected to drop before increasing in 2024, according to research firm Cornwall Insight, as they expect strikes at Australian gas facilities will bring up gas prices.

Higher gas prices means higher electricity bills.

But consumers can expect cheaper bills from October as, according to the Cornwall forecast, energy regulator Ofgem will bring its price cap down to £1,823 for an annual average household bill.

At the moment, typical yearly energy bills cost £2,053.

The £230 expected fall in average bills comes in large part because Ofgem has said homes are using less energy and revised downwards what is categorises as average energy use.

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