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Why Have Energy Prices Gone Up? – Explained Simply!

Energy prices have risen since Brexit. It might sound like scaremongering but it’s the truth. Since the turn of July, each month the prices have risen. All of us brokers hate it just as much as you do, our job is easy when prices are low.

As the GBP (£) collapsed and is now not worth as much as the USD ($), the prices for energy have gone up. Why? Raw energy (Oil, Coal, Natural Gas), before it’s been converted into energy we use, is priced in US currency all around the world. Hence it costs more British Pounds to buy the raw energy.

There are other reasons as to why the prices have gone up, winter, greed from the suppliers, EDF doing random tests etc.

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