After setting new records in 2022, wholesale electricity prices decreased for much of last year, according to the IEA. Although costs in Europe and Asia declined the most, they were still significantly higher than they were before the outbreak.
However, bills for households and businesses are not just influenced by events in the wholesale sector. In addition to the supplier’s profit margin, other factors that come into play include taxes, environmental levies, distribution costs, and contract type. Each of these elements will differ depending on the nation.
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