RWE Energy have issued a major report looking at energy price rises in the UK. El Reg has done the analysis for us.
Care to guess how much "gas prices" have surged over the last six years, as the average household bill has climbed by roughly thirty per cent?
They are up by just ten per cent. That's strange.
And it gets stranger. RWE npower's analysts believe that the relatively small rises in commodity/production prices we've seen will probably go away again by 2020, so that their costs in this regard will return to the same level as they were in 2007. This will be due to gas fracking, more efficient powerplants and other factors.
In the year 2020, then, "gas prices" will have gone up by zero per cent since 2007. What will have happened to bills? Will they have gone down again to reflect this, in npower's view?
Certainly not. By that point, the company forecasts that our energy bills will have climbed even more. They will be up no less than fifty-six per cent on 2007 levels, on top of no increase at all in "gas prices".