Household energy bills are expected to fall by £50 a year as a result of cuts in green levies to be announced in George Osborne’s Autumn Statement next week.
Final negotiations between the Big Six energy firms and ministers are taking place this weekend and suppliers could announce a reduction in prices as soon as Sunday. Some are also expected to pledge that they will freeze prices until spring 2015, unless wholesale energy costs rise.
David Cameron promised on Friday that by “eroding” the levies on gas and electricity bills, the Government will deliver “sustainably low energy prices” and help households struggling with the rising cost of living. The Daily Telegraph has been given details of the reforms under negotiation ahead of the Chancellor’s appearance in the Commons on Thursday.
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