Energy bills are set to remain high despite a cut in prices from July, experts have warned.
Ms Mulvany said she expected prices to only fall from the 2030s onward if investment in renewable energy continues. The boss of energy regulator Ofgem Jonathan Brearley urged people to contact their supplier if they were struggling to pay their bill. The calculations for a typical household are based on a direct debit customer using 12,000 kWh of gas and 2,900 kWh of electricity a year. A kilowatt hour is a unit of energy used to calculate your bill.
Those who pay by cash, cheque or bank transfer, usually every three months, will have to pay more, with a price cap of £2,211 a yearDespite the cut to the price cap, charity National Energy Action said that 6.5 million people would still be in fuel poverty. The typical bill from July will still be much higher than in the winter of 2021 when it stood at £1,277 a year. Charity Citizens Advice described that as "unaffordable for millions of people".
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