Why do prices change so frequently in the energy market?
The price you pay for your energy depends on several components. Wholesale energy costs can fluctuate widely and are dependent on a number of global factors. Getting the energy to your home (known as network charges) is also a contributor, alongside taxes and levies set out by the government.
Wholesale costs change on a daily basis, whereas network costs and government levies tend to be reviewed bi-annually.
We always try to keep our prices stable for as long as possible, however we may sometimes need to adjust prices, so that they maintain a fair reflection of the costs we face.