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Why our energy bills are still going up even when wholesale prices are going down

Why our energy bills are still going up even when wholesale prices are going down

The cost of energy on the market has been falling for months - but many customers are yet to benefitMany households will have received a letter informing them their gas and electric bills are going up in April. But why are energy bills still going up at a time when wholesale prices have gone down?In fact, both wholesale gas and electricity prices have fallen steadily since December 2022, but that drop has seemingly not been carried over into energy bills. The price cap set by regulator Ofgem, wh …
18th Apr 2023 PS24

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