Good morning and happy new 2023,
I have been wondering the last few days ever since I saw the Guardian's article saying the Natural Gas was now under pre-Ukraine war prices. Then I started looking at the UK NG futures chart (ICE Natural Gas Continuous Contract) and the US NG (25 Jan exp.), and it is true.
Natural Gas has been falling like a knife since August and still I haven't got any communication attempt from OVO Energy saying the prices would trend down. As a matter of fact all we had was an email in December saying the prices would increase even more starting January.
OVO says on their website that 70% of their energy comes from Natural Gas and 30% from Renewables. As far as I'm concerned, the sun and the wind are still free.
So, my question to OVO and Ofgem is: What the hell?





