EA Ireland

Wholesale prices have fallen back, but these have not yet been reflected in customer bills– why?

Wholesale prices are dropping, but they are still historically expensive and are still highly volatile. There has been no period of consistent falling prices that would indicate prices will not increase again.. Supply is still very tight, so external supply shocks are having major impacts on prices. The geopolitical situation is also very ambiguous such as what will happen when China fully opens back up and their energy demand increases dramatically.