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. While gas prices have fallen to 222p/therm in February 2023, the price to buy gas a year from now is 385p/therm. 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.