This is Money | Energy firms finally pass falling prices on to households

Kate Hill Senior Analyst at Cornwall Insight was featured in This is Money discussing the effect of wholesale prices on domestic tariffs. New research revealed the cheapest energy tariffs have fallen by an average of £32 due to wholesale energy costs.

Discussing the fall in wholesale prices Kate explained that high wind generation and falling gas prices helped push power prices down. However, more recently low demand forecast due to COVID-19 have weighed on prices.

As long as low wholesale prices persist, tariffs will remain low with and even have the potential to fall a little.

Kate Hill, Senior Analyst

This is Money