Wholesale gas prices behind rises to our electricity bills

TWO thirds of electricity bill rises that have hit households in the past few years have been down to wholesale gas prices, analysis has found.

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The assessment by independent analysts at the UK Energy Research Centre (UKERC) said that typical electricity bills rose by £169 in real terms between 2021 and 2025, a period in which energy prices soared in the wake of Russia's invasion of Ukraine.

Energy prices have eased since the height of the energy crisis in 2022-23, but pressure is still on the Government to tackle high bills, with claims from some political opponents that “net zero” policies to cut fossil fuel use are costing consumers.