Annual energy bills predicted to fall by £22 in January

Energy bills are set to decrease by £22 for households in the UK in January before rising again in April, according to consultancy Cornwall Insight. The annual bill is predicted to be £1,733 between January and March, a 1% drop from the current £1,755 price cap. The decrease is attributed to government policy, with higher bills expected in Spring due to rising costs associated with the country's transition to net zero energy. Cornwall Insight warns that the shift to renewables will bring long-term stability but come with upfront costs that will impact consumer bills.