Wholesale gas and electricity prices continued their downward momentum on Monday. However, the reduction in wholesale prices has had little impact on the retail market due to changes in metering and other surcharges. These additional costs mean that the total cost of electricity is still increasing, despite the drop in wholesale prices. In fact, less than 50% of the pence per kWh paid reflects the wholesale cost. Let us know if you would like further details as we have a detailed analysis we’d be happy to share.

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