Russia has been secretly collecting intelligence to sabotage Netherlands’ North Sea energy infrastructure.
www.telegraph.co.uk
The average household annual energy bill will plunge by more than £800 from July as gas prices continue to fall, a year after Russia first invaded Ukraine.
The price cap is forecast to fall to £2,165 from July, down from the £3,000 faced from April under the Government’s energy price guarantee, according to Investec.
It comes as European natural gas prices have fallen to their lowest levels in 18 months after a mild winter meant storage levels have remained high across the continent.
Wholesale costs for gas surged to record levels in August as Europe tried to reduce its reliance on Russian fuel after its invasion of Ukraine.
Household energy bills should stabilise later in the year, with the price cap rising modestly to £2,190 from October.
Investec's final estimate for the price cap in April is £3,332.
It means the Government will pay £332 per household to cover its annual average energy bill from that point as it caps the price paid at £3,000, up from its present cap of £2,500.
Should probably start to see new fixed deals from the summer..