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Anyone have any idea if this will make any difference to the gas prices in the UK?
Answered my own question
Natural gas prices drop below zero - but don't expect energy bills to fall | ITV News
A mixture of mild weather and stockpiling natural gas across Europe has resulted in spot prices briefly going negative this week. | ITV National Newswww.itv.com
I still don't know how the price of gas can reduce, yet the payments on my bills have doubled
Ok I think it has something to do with all the collapsing energy companies. There is a channel 4 documentary on it.
So a few years ago the government decided that there were too few energy companies and they were too big so smaller companies were encouraged to start up. Most of these companies were not viable and the minute the gas prices went up post Covid they all went bust. Now as you know if one company goes bust another has to take its place and they get that custom which sounds good but they then have to buy additional energy to cover the new customers which they often have to pay for at an inflated price.
The rise in gas prices has made energy more expensive but it's a policy failure which is making it much harder for British consumers and means we are still paying high prices despite the wholesale price going down