I follow this graph for UK prices:
https://www.energy-stats.uk/wholesale-energy-pricing/My original electricity supplier went bust last September and were supplying me at about 13p kWh. Got moved to Octopus energy on a 2 year deal at 24.5p kWh.
As the chart shows, today's wholesale rate is 36.5p kWh. That's before they chuck VAT etc onto the bill. They're making a loss on me. Wholesale is meant to be ~50% of the bill.
A lot of smaller suppliers went bust last year and their debts were thrown onto the standing charge of consumers.
A lot of politics is being chucked around about it, aside from the wholesale price being gamed it seems we're well away from that "too cheap to meter" comment about 70 years ago.
Basic fact is a lot of UK electricity generation relies on gas which is at close to record highs ATM.
