Electrical power prices have been among the the biggest motorists of inflation because the start of the pandemic: in March 2020, the winter season 2021 electrical power price attained down to £42/MWh but it a short while ago broke a new large of in excess of £70/MWh.
Regulator OFGEM’s price cap fell by 1% in April 2020 and even further, by seven%, in Oct 2020, reflecting fundamental market place circumstances in the course of the pandemic.
Even so, it rose by 9% in April 2021 again, in accordance to the Office for National Data (ONS).
It’s not as easy as the price cap however when it comes to power selling prices, there is a large amount of factors at engage in, from demand to geopolitics.
1st of all, reliance on