Why are energy prices increasing again?

Wholesale gas prices have continued to rocket. In the last year, they've quadrupled.

Gas prices have risen for several reasons, including:

- A rise in global demand for gas as countries emerge from lockdown

- Restricted gas imports from countries like Russia

- An expectation in autumn 2021 that it would be a very cold winter which drove prices up further

UK electricity prices are also under pressure for several reasons, including:

- Lower wind levels

- Wholesale electricity prices are linked to gas prices – so when one goes up, so does the other – even if it's zero carbon electricity

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