Tumbling gas prices fail to subdue energy bills

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In Britain and the EU, the impact of soaring gas and electricity bills has been cushioned to an extent by state aid measures

Even if the worst of winter is still to come, consumers still face unusually high bills despite tumbling wholesale gas prices.LONDON - European wholesale gas prices have fallen from record peaks reached after producer Russia's invasion of Ukraine, but energy bills remain sky-high despite government help aimed at easing consumers' pain.

But consumers still face unusually high bills, even if the worst of the winter has yet to come in the northern hemisphere. "This means that the extortionate prices we saw in the last three-six months have not fully gone through the system yet," he told AFP.

 

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