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CoLC
electricity
OFGEM
Cost of Living Crisis
electricity prices


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CoL[25] - how do they make up the price ?

CoL[25] - how do they make up the price ?
You can clearly see the hike in wholesale costs from October 2022, mostly as a direct result of market & geopolitical uncertainty after russia's aggressive & illegal invasion of Ukraine.
Only recently [23rdMay2025] OFGEM announced a 7% reduction in the domestic energy price cap, applicable from 1st July to 30th September 2025, but that is still 10% higher than a year ago [2024] This should see a reduction in household energy bills over the summer.
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not my image : fair use & public information

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 StoneRoad2013
StoneRoad2013 club
I still think that privatising the electricity & gas supply industries - and allowing "overseas individuals and entities" was a politically motivated dogmatic decision that was economically and morally wrong.
7 months ago.

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