Wholesale Energy Prices Lowest for Five Years

Wholesale energy in the UK have dropped to a five-year low point.

The main drivers have been a mild winter and lower global commodity prices like Oil.

Pressure is now mounting on the UK's big six energy suppliers to cut their prices to reflect the lower wholesale costs in the market

The wholesale price for gas fell by 34% over 2015, while the price for electricity fell by 23%.

We're seeing some of the lowest business energy retail prices since 2007 on our website but the residential suppliers have lagged behind so far.