Future fall in energy bills may prompt return of switching
A typical domestic energy bill will rise in April - but predictions of subsequent falls may prompt the return of competition and customer switching.
"While tumbling cap projections are a positive, unfortunately, already stretched households will be seeing little benefit before July," said Craig Lowrey, principal consultant at Cornwall Insight. Campaigners and consumer groups have been lobbying ministers to use the savings to further support billpayers. The Labour Party has also called forThere has been a sharp drop in wholesale gas and electricity prices in recent weeks that has raised hopes that the worst of the energy crisis could be receding.A huge majority of households in the UK have a variable or default gas and electricity tariff.
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