Falling energy bills
The news is full of outrage about rising domestic energy bills. So by way of contrast, I thought I should mention this morning’s letter from my electricity supplier, EDF. From next month they’re making a 32% reduction in my monthly direct debit payments. From above to below what they were last time I blogged on a related subject.
My usage hasn’t changed significantly in all that time.
FWIW, UK energy charges have been kept artificially low for many years, as policy (and regulators) put cheap supply now ahead of essential investment in future supply, energy security, and cleanup – all areas where we significantly lag much of Europe. All part of The Liar’s feelgood bubble. In general terms, I expect prices should be rising.