Gas prices for one have fallen very sharply and are now below the price in December 21. Oil has fallen from 120 to about 76 per barrel. Yet the regulator has agreed an increase from April to £3000. This is many times the price in other countries. The energy companies are buying at current prices knowing they can sell it to consumers at huge profit margins. Bonkers. Part of this money is going to pay off the losses from the collapse of Bulb and the many others.
So it’s a tough one. The cap will probably fall in July as demand falls away and the Chancellor is under pressure to refuse to allow the. April increase. But it is true that for much of business…including social landlords…the costs are frightening and they cannot take the risk of what next. A six month review would be best but of course this is time consuming for you.
