U.K.: Fuel bills could fall by 30%

The cost of heating and lighting our homes could fall following a 50% drop in the wholesale price of gas in 2006.

One expert is predicting a 10% cut in the spring followed by further cuts to slash bills by up to a third.

But savings of that size could take until 2008/09 to feed through to customers.

Energy suppliers buy fuel in advance so the price they charge reflects the cost in the past.