Energy bills will finally fall this summer after nearly 18 months of sustained hikes, softening a painful cost of living squeeze for millions of Brits. This year’s drop in wholesale gas prices on the spot market, thanks to Europe’s successful scramble for supplies last winter and China’s flagging economic growth, will soon be reflected in the long-term hedging arrangements energy firms make for customers. Ofgem is now expected to slash the price cap – which sets the maximum charge for average use – by as much as 50…
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