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Daily Mirror
Daily Mirror
Politics
Sophie Huskisson

Why UK bills are unlikely to drop for ‘years’ despite huge wholesale price fall

Gas bills are not likely to come down “for the next two or three years” despite wholesale gas prices falling to levels not seen since before Russia ’s invasion of Ukraine, experts warn.

Warmer weather and lots of wind this winter has meant the demand for gas has decreased while supply has been good, causing short-term wholesale prices to drop.

But unfortunately this doesn’t mean your bills will fall as suppliers buy much of their gas in advance, which can sometimes be at a higher price.

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