According to the latest forecasts from energy market consultants Cornwall Insights, power prices are set to fall further this year and next.
"The mild winter coupled with ample gas stocks in Europe have reduced the need for a gas injection over the summer to meet targets, meaning gas prices continue to fall," Cornwall Insights said in its latest report. She said further reductions were likely to trickle down to consumers, but there were some potential stumbling blocks to lower pricing, such as events in the Middle East.
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