By Nigel A-F
25th October, 2017
Predicting what energy markets will do is no easier than predicting any other commodity. Indeed, simply working out what the price of energy has been in the past is difficult, because there is so much data available, presented in so many different ways, to suit so many differing vested interests.
Nonetheless, some general trends are apparent:
This chart shows the National Grid’s own assessment of wholesale power price inflation. The wholesale price represents about half of what the consumer pays for power. The rest is made up of infrastructure charges and government taxes and levies.