Power bills are unlikely to fall back to pre-Ukraine War levels until the late 2030s, an energy consultant warns.
Cornwall Insight believes that a combination of high gas prices will keep power costs above pre-2022 levels in the short term, and over the longer term, soaring demand for electricity as Britain decarbonises.
The stark warning comes after energy regulator Ofgem’s price cap fell to £2,074 for a duel fuel household at the start of the month, from its previous level of £3,280 in April.
