Household energy bills in Great Britain forecast to fall by almost £117 a year

Consultancy’s prediction comes after Rachel Reeves said green subsidy costs would be removed from domestic bills Household energy costs in Great Britain are expected to tumble by an average of almost £117 a year from April after Rachel Reeves announced in November’s budget that the cost of green subsidies would be removed from domestic bills. The government’s quarterly cap on energy bills is forecast to fall after the chancellor’s decision to shift the levies used to support renewable energy projects into general taxation, and scrap a bill payer-funded energy efficiency scheme, according to Cornwall Insight, a leading energy consultancy. Continue reading...

By Jillian Ambrose Energy correspondent