Martin Lewis: Energy wholesale rates have plummeted - here's how it'll impact your energy bills

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MSE_EmilyMSE_Emily MSE Staff
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MSE Staff founder Martin Lewis looks at why energy bills continue to rise despite falls in the price of wholesale gas. In the latest episode of ITV's The Martin Lewis Money Show Live (watch the full episode) Martin also looks at what's in store for energy bills for the rest of 2023...

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Martin Lewis: Energy wholesale rates have plummeted - here's how it'll impact your energy bills


  • Archie_DukeArchie_Duke Forumite
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    Watched the Big Bills episode last night, good explanations of the issues of just reading the headlines about wholesale natural gas prices or inflation and expecting miracle bill reductions
    they aren’t coming!

  • Kirky250Kirky250 Forumite
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    First Post
    Has anybody got a source for the 'wholesale' gas and electricity prices that OFgem uses for its price cap calculations? It seems like they hide behind a 'proprietary data supply' rendering their information sources difficult to audit. I am trying to replicate (approximately) their wholesale prices data feed, so as to be able to understand the issue on an ongoing basis if possible  
  • edited 18 January at 6:01PM
    michaelsmichaels Forumite
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    edited 18 January at 6:01PM
    I use this and basically assume they are purchasing 3 months ahead for the cap - the exact lag can be teased out of the ofgem announcements on their website when they consulted on moving to 3-monthly resets.

    UK NBP Natural Gas Futures | ICE (
    I think....
  • barker77barker77 Forumite
    186 Posts
    Part of the Furniture 100 Posts Name Dropper
    Would ofgem have to provide this under a FOIA request? 
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