UK energy prices 'could fall'

Compare energy deals and switch in minutes

Compare energy deals and switch supplier to cut your bills by £477*

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

*Between 1 Jan 2019 and 30 June 2019, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £477 or more.

As oil prices continue to fall the impact on the energy sector could be beneficial to consumers, it has been claimed.

According to, with crude oil prices falling to around $50 (£34) a barrel retail energy costs should also start to fall.

"It is the effect [falling crude prices] could have the energy market which is catching the attention of many consumers in the UK who are still fighting to cover their ever-increasing daily cost of living," the website stated.

"We have yet to see any real movement, although recently the cost of some energy packages was reduced," it added.

Meanwhile, the online finance web portal said it will be interesting to see how energy companies respond to the recent reductions in oil prices in the short and medium term.

The International Energy Agency has predicted that demand for oil around the globe will decline by around 2.8 million barrels a day during 2009.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more