UK Government Could Save Billions As Energy Bills Continue To Fall | OilPrice.com

Energy bills could fall below £2,500 per year in the second half of this year.

Robert Buckley, head of relationship development at City A.M., expects energy bills for businesses to come down more quickly than households.bills could fall under £2,500 per year in the second half of this year, potentially saving the Government billions of pounds in the cost of support packages for households.

The latest dip in the price cap is expected to save the Government around £700m, according to Investec, dropping the cost of theIt is also well below the £13bn forecast last year by the Office for Budget Responsibility, meaning billions have been cut from predictions since last Autumn.The latest predictions reflect plummeting gas prices, with markets easing following Europe’s successful scramble for supplies and warmer than expected winter weather.

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