Wholesale electricity prices are falling, but bills are still rising! The cost of energy transition has become an "unbearable burden" for British households.

According to the 36kr Finance APP, British households are currently facing a new energy crisis despite the continuous decline in wholesale electricity and natural gas prices, household energy bills are still on the rise. This growing gap is increasing the political pressure on the British government. The authorities not only need to raise billions of pounds for the transition to clean energy, but also need to convince voters that this transition will reduce electricity costs. With Chancellor Rachel Reeves preparing for the budget to be announced later this month (there is widespread expectation of several tax increase measures), ministerial officials are facing tremendous pressure to explain to the public why consumers still need to bear higher costs in the context of a slowdown in the global energy market.