The Latest Breaking News from Gas Prices

Annual bill for British homes is currently around £2,500 on average

Experts forecast falling energy costs and a halving of inflation lie ahead but warned some will still struggle

Bank slashes predicted 2023 European wholesale price by 30% as mild weather reduces demand

Part of the reason is how our energy is bought by suppliers

Expected dip in July will ease pressure on households struggling to cope with soaring living costs

Ukraine war’s effect on wholesale gas prices prompts third upgrade in a year from Centrica

Record-high winter temperatures swept across parts of Europe over the new year, bringing calls from activists for faster action against climate change while offering short-term respite to governments struggling with high gas prices. Hundreds of sites have seen temperature records smashed in the past days, from Switzerland to Poland to…

Record-high winter temperatures swept across parts of Europe over the new year, bringing calls from activists for faster action against climate change while offering short-term respite to governments struggling with high gas prices.

This is the second instalment in our series on where the global economy is heading in 2023, which started with this article on global inflation.

Drop in wholesale gas prices means the cost to the government of the energy price guarantee will be reduced

The gas market can be complicated so we’ve broken down some of the key details explaining why your bills are unlikely to fall even though the price of gas has dropped to levels not seen since before Russia's invasion of Ukraine