Experts play down fears of further fuel bill hikes as Britain prepares to ... trends now
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Experts have played down fears of fuel bill hikes as Britain prepares to import a record amount of energy from Europe.
Low home-produced capacity and new undersea cables will see Britain buy surplus power from nuclear plants operated by French state-owned energy giant EDF.
UK imports of electricity are also set to soar by 6.6 terawatt hours, as British power station closures have seen the country rely increasingly on power generated offshore.
Hard-up households have been hit with steeply rising fuel bills in recent years, while energy giants reported £420billion profits since 2020.
The UK's import bill doubled between 2021 and 2022 to £117bn, further adding to the burden on families.
But experts played down the impact reliance of overseas energy would have on bills, saying that it could even help marginally bring costs down.
Britain is set to import a record amount of energy fueling fears of increases to household bills (file photo)
French state-owned giant EDF will sell the UK surplus energy from its nuclear powered plants, with the help of new undersea cables
Robert Buckley from Cornwall Insight said: 'The increase in electricity imports is unlikely to have much of an impact on energy prices as the
