Energy bills are set to remain high despite a cut in prices from July, experts have warned.

A typical household will pay £2,074 a year for gas and electricity from July, £426 a year less than currently, after the regulator cut the energy price cap for England, Scotland and Wales.

Government help in recent months has limited bills to £2,500.

However, prices are not expected to fall much further over the rest of the year and could edge up in winter.

MoneySavingExpert’s Martin Lewis said that later on in 2023 bills would be similar to last winter because, although prices are cheaper, households will not get the same £400 discount from the government they previously received.

“People will still be paying double what they used to pay before the energy crisis hit,” he added.

Kate Mulvany, from energy analysis firm Cornwall Insight, also said further substantial falls in bills would be unlikely particularly if there was a cold winter across Europe with the UK competing to buy energy with other countries.

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