Energy bills could fall below £3,000 a year within months but are likely to remain high and volatile, requiring continued subsidies for vulnerable households, the regulator has said. Jonathan Brearley, Ofgem’s chief executive, said that the recent drop in gas prices would feed through to lower bills than feared, which could “possibly” result in typical annual bills falling below the government’s £3,000-a-year energy price guarantee as soon as April. This would be three months earlier than analysts had forecast and … read more »
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