I know that there is no direct correlation between wholesale energy prices and oil prices BUT the two must be linked over time. When we joined Bulb in Sept 2018 the Brent spot price was $76.83 per barrel and your unit elec price was 13.3p. Brent was $68.28 (-11%) at the date of my last bill and your unit price 18.16p (+36%). You seem to use the standing charge to ‘smooth out’ some price changes: it fell from 23.29p to 18.13p over the period. Why was the collapse in oil prices (to below $25 at one point) not reflected in your unit price? Assuming that you were not profiteering then you must have failed to buy energy at the lower prices. Why?
A post was merged into an existing topic: Wholesale costs are changing