Households face rising energy bills despite falling wholesale prices

Although electricity suppliers have cut their prices on multiple occasions over the last 12 months, consumers are still paying far higher bills than they were pre-pandemic and particularly before the war in Ukraine.

Households have been warned of the risk of higher energy bills in 2025 regardless of whether wholesale gas and electricity prices come down.

The warning on energy prices comes as the public has been told to brace for a sharp cold snap to usher in the new year, as an Arctic airmass moves across Europe.