>

Not on my FUCKING BILL!
A mild winter, falling wholesale gas prices + new gas suppliers:
Putin's attempt to blackmail Europe has failed big! >

If only that was reality in the UK. European average is £650 or less a year for energy bills but over £2500 for the UK and will somehow go up AGAIN in April. This government should've gone years ago.. I despair. It's turned into a hell hole for anyone not already ludicrously rich and it was never easy to begin with. Poor and / or sick? Fight for scraps at best. >

UK gas prices are also below pre-war level. >

Not according to my energy bill. >

These prices don’t reflect your energy bill immediately—you are currently paying for gas bought with peak prices to fill reserves. >

Yeah, and that’s too bad for the energy companies, but they have to take the L - their prediction models failed, so why are we paying for that? If they bought a shitload of gas at X price, and it’s now X -60%, then they should take that hit and absorb the cost through the massive profits they’ve been scooping up for years. >

No storage in the UK or very little compared to other countries. Sold off for short term gain. No storage means no buffer to smooth out the price spikes and shortages. >

When will this get seen in the energy bills? Or are we being milked some more. >

Will take a while. The gas storages around Europe are still full of gas that was bought for high prices. 
This current drop is good for the consumer in the long run, but not immediately, unfortunately. >

What do you think the time frame will be? >

The change will be gradual. 
Gas storages are currently actually filling up rather than depleting due to low gas consumption for the time of the year.
It’s likely that even a year from now, some % of the gas storage still expensive gas bought last autumn. The lower this % becomes, the lower prices will become.
What the price trends will look like will also depend on our gas consumption levels in the coming month or so. If consumption stays as low as it it today I’d expect consumer prices to fall rapidly. If consumption picks up and gas storage levels start declining, prices may stay higher for a bit longer. >

So I bought a load of gold when it was high and then kept it but then the price crashed. Good job I bought when it was expensive so I can now cash in! >

The difference being I can go buy gold from someone else selling at the going rate. You don’t have any choice with your gas >

I am sure the consumer prices will never ever go down to pre-invasion levels, cause profits can't be compromised of course. >

So much this. You will pay increased prices and like it. Any attempt to protest or strike will be met with 'tough new labour laws" >

I’d assume it’s one of the few times the government would actually do something but who knows. >

Yeah! This is happy news.