Campaigners have referred to as on the UK authorities to freeze family power prices past the top of March as falling wholesale costs sharply cut back the quantity of presidency subsidy wanted to carry payments regular.

The typical UK family invoice is ready to rise to £3,000 per yr between April and June beneath the power value assure scheme, up from £2,500 at present, as chancellor Jeremy Hunt has argued that the federal government can not afford to maintain subsidising payments on the decrease degree.

Households face even steeper will increase as the federal government’s power invoice help scheme, which shaved an extra £400 off each family fee, is ready to finish.

However the newest forecasts for UK family power prices present the regulator’s value cap — which units the unsubsidised value of power for almost all of houses — won’t rise as a lot as beforehand feared, reaching round £3,300 in April and dropping beneath £2,200 from June.

Late final yr it was predicted that it could rise effectively above £4,000 as power costs soared.

Cornwall Perception, a consultancy, estimated on Monday that the extra price to the federal government of freezing payments at £2,500 between April and June could be £2.6bn, or lower than 10 per cent of the whole price of the EPG that has been in place since October.

Learn extra about UK family power payments right here.