to wonder why wholesale gas has gone up so much since 2021

[cakeorwine]

This is a link to the wholesale gas price since 2014

www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators

The value hasn't fluctuated much from 2014 and it dropped a lot at the start of the pandemic

But since then. it has sky rocketed

One of the reasons has been increased demand as the economy reopened. Fair enough - but why not back to 2019 levels when demand should have been the same as 2021

Obviously the war has increased gas prices - but why has it gone up so much after the pandemic?

Any industry specialists on here?

China and Asia have massive demand- beyond 2019 levels

@daimbarsatemydogsbone

China and Asia have massive demand- beyond 2019 levels

But where has the demand suddenly come from?

I get increased demand after lockdown, but has the demand really shot up so much?

Supply is more limited - COP etc etc

Plus Russia

Net zero bollocks

@Brownlongearedbat

Net zero bollocks

How would reducing demand and reliance on gas cause the wholesale price to rose?

Rise, not rose

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@TonieHall you appear to have malfunctioned