Energy prices

Energy regulator Ofgem claims that the wholesale energy price for electricity and gas are 23% and 38% cheaper in comparison to this time last year. The big six have come under scrutiny from both the regulator and consumer groups to cut energy prices after a dramatic decline in wholesale costs. It's concerning that even with the plummet in wholesale prices, the big six...

Mr Davey, the energy sectary has warned energy companies that they must not use the current crisis as an excuse to inflate bills. It has been suggested that if they buy their gas in advance this should cushion them from short term spikes. Currently Russia supplies 30% of gas into Europe. Experts predict that should sanctions be imposed or more...