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Energy bills unlikely to hit pre-crisis levels for 2 years, Britain’s regulator warns

Energy bills are unlikely to fall below pre-crisis levels until at least the middle of the decade, the head of Britain’s energy regulator warned on Thursday.

The comments by Jonathan Brearley came as he announced that the energy price cap, which usually governs how much a typical household pays, was set to drop from £3,280 to £2,074 from July.

The sharp fall reflects a drop in wholesale market prices in recent months helped by…

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