Electricity prices will fall for hundreds of thousands of people from July 1 as energy production costs continue to fall. The default market supply for NSW households will fall by $ 102 per year, $ 116 in South Australia and $ 53 in Southeast Queensland. The default market bid is a limit on the prices that retailers can charge customers. Will energy prices rise in the UK in 2022. The price cap is likely to rise again in April 2022, according to some analysts by as much as 30%. This is partly due to high wholesale prices, but also due to the cost of closing energy suppliers. Bidders who pick up their customers may require a refund of some costs for doing so.