Price comparison site moneysupermarket.com says that wholesale energy prices, and increased Government demands, mean bills are set to tumble.
This will provide welcome relief to car dealers hit by cash flow issues, particularly given the severe cold snap experienced by the UK at the moment.
Falling oil prices have already had a welcome impact on the price of fuel. The price of a barrel of oil has dipped below $40. This means that both unleaded and diesel are now freely available for under £1 per litre.
Inbuilt lag in the system means gas prices should follow the falling price of oil a few months later. Ideally timed to help dealers tackle their winter bills.
‘This is one of the best things to happen to the economy over the next 6 months,’ said one commentator.
But experts warn that prices could again start to rise again in 2009 – and advise businesses to not become complacent.
Now is the time to start investigating the best energy tariff for your usage.