Wholesale gas prices – the price paid by the company that then sells it on to you – are at last starting to fall to levels below where they were before Russia invaded Ukraine in February 2022, though not back to levels before the global economy restarted after COVID lockdowns.
In the UK, these wholesale gas prices directly affect both the cost of heating homes and other properties that run on gas boilers, and the price of electricity, because of how supply and demand are balanced on the national grid. So are energy bills likely to become more affordable this year?
