The government is heaping pressure on energy companies to deliver on household energy bill reductions in time for the budget There has been ire in government that the improvement in the wholesale energy market has not yet been passed on to households
The government is heaping pressure on energy companies to deliver on household energy bill reductions in time for the budget, as wholesale energy prices continue to fall.
Following unprecedented energy price spikes last year, wholesale electricity prices fell this month to their lowest point since 2021. However, the vast majority of energy companies have not passed on the price reductions to households, due to varying levels of hedging strategies that have locked in higher wholesale ...
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