British energy bills predicted to fall starting in April

by The Curator

Updated June 02, 2025

British energy bills predicted to fall starting in April

UK households are set to see a significant drop in energy bills starting April 2024, that's according to analysis by consultancy firm Cornwall Insight.

The analysis says energy bills are forecast to fall by approximately £300, a 15% decrease from the current rate, bringing them to their lowest level in two years.

It would represent much-needed respite for British households as the UK grapples with a persistent cost of living crisis, in which energy costs have played a driving role.

Cornwall Insight's predictions suggest that annual energy bills could decrease from £1928 to £1635 for the average household, with further reductions anticipated in the summer months. The anticipated decline is mainly due to a drop in wholesale oil and gas prices, thanks to what's described as a "healthy gas supply" from the United States and robust storage volumes throughout Europe.

The UK's ongoing reliance on imported fossil fuels remains a significant vulnerability, threatening the stability of future energy costs, Cornwall noted, with the consultant pointing to a need for the UK to accelerate its transition towards sustainable energy sources to mitigate this risk.

It comes as the country awaits the next official price cap announcement from UK regulator Ofgem, due on February 23, and the forecasted decrease in energy bills offers a glimmer of hope for cash-strapped households.

Explore Bias:

Media reports present generally positive sentiments of the estimated decrease in energy bills. However, there may be some over simplification regarding the impact of the predicted reductions, potentially underplaying the complexity of the UK's energy challenges.

While the reports highlight the immediate relief for households, they may not fully address the long-term sustainability and security of the UK's energy supply, emphasizing the need for a cautious interpretation of the forecasts.