Martin Lewis warns new energy price drop forecast for summer will still see bills higher than current rate
New data from energy analysts Cornwall Insight suggests that gas and electricity bills could drop to just over £2,800 per year for the average household between July and September. The firm has been accurate with previous predictions since energy prices started to soar early last year following Russia’s invasion of Ukraine.
Martin explained: “Energy prices will almost certainly rise 20% in April as announced. Then in July the current prediction is energy price cap will then be lower than the energy price guarantee so prices will drop c6% and stay that way til year end .” If energy bills fall below £3,000 later this year, the UK Government will no longer have to pay anything to protect regular people.
"Even if energy prices continue at current levels - which is a big if - the costs to the UK Government over the full period of the EPG are still contributing to Government borrowing and will ultimately fall at the feet of consumers in the form of higher taxes."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Martin Lewis warns everyone of eight energy checks you need to do as bills riseMARTIN Lewis has warned households about the eight vital energy checks to do now as bills rise. It comes as millions of households will see their energy bills rise in April. Martin Lewis said: R…
Consulte Mais informação »
Martin Lewis warns 7million households are missing out on free cash helpMARTIN Lewis has warned that millions of households are missing out on free cash to help with the cost of living. In the latest MoneySavingExpert newsletter, Martin Lewis warned that those with hou…
Consulte Mais informação »
Energy bills set to dip below energy price guarantee level from July, forecaster predictsA closely watched forecast suggests that while the taxpayer may be off the hook for energy support to households from the summer, bills will still be very high by historical standards.
Consulte Mais informação »
Martin Lewis explains the reason DWP Cost of Living payments are differentThose keeping an eye on the upcoming payments will notice that they differ in very slight amounts
Consulte Mais informação »
Martin Lewis predicts exact instalment dates for new £900 cost of living paymentMartin Lewis predicts exact payment dates for new £301, £300 and £299 cost of living cash lump sums
Consulte Mais informação »
Martin Lewis explains 'clever' cost of living payment differencesThe Money Saving Expert founder spoke out over £900 DWP payouts, which are set to go into accounts in 2023/24 and gave more exact dates
Consulte Mais informação »