BBC News | high gas prices

Robert Buckley, Head of Relationship and Development, disscussed high wholesale gas prices and how it will affect customers on the BBC.

Robert explained that prices for power that is needed immediately are at all-time highs – 10 times the costs of last summer. He said that consumers would see these rises push their bills up this winter as the price cap goes up, but if wholesale energy prices continue at these highs, the cap will rise further.

The high prices are also very bad for suppliers because the cap limits what they can charge their consumers, and the market is way above that now

Robert Buckley

BBC News