Energy bills could be slashed from April with households paying 'hundreds' less
dailyrecord.co.ukHouseholds could end up paying less for their energy bills than they have in over two years according to new predictions from Cornwall Insight.The Ofgem price cap is predicted to fall by £308 in April, which would bring the current price down from £1,928 to £1,620.
This figure is £40 less than what was predicted back in December. This means that household bills could fall by over £300 annually, with Cornwall Insight estimating that the price cap could fall again from July 1 to £1,497.
The Mirror reports that Ofgem's price cap doesn't put a limit on the energy bill itself, but instead not caps what can be charged for a unity of energy.
According to its predictions, those on the price cap tariff will pay 23.56p per unit of electricity and 5.73p per unit of gas they use from April.
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