Energy prices could finally drop by hundreds of pounds by summer, experts say

But ‘unforseen geopolitical events’ could push prices up again say analysts

Energy bills are expected to fall from the start of July (PA Wire)

Millions of households could see their huge energy bills drop by £440 a year from July, experts say.

Ofgem will announce a new energy price cap for July this month and Cornwall Insight, an independent energy research and consulting firm, expects that the cap will fall.

A typical household is now predicted to pay approximately £2,060 a year, according to analysis by the research firm.