A report submitted by European regulators has stated that the downward trends they have seen in the wholesale prices over the past few years will finally be reflected in the energy bill of industrial consumers.

These findings were part of a larger report issued by ACER and CEER during their latest market monitoring study.

ACER’s director Alberto Pototschnig said: “In 2015, wholesale gas prices decreased across Europe, as a result of declining oil prices, increased gas-to-gas competition and a greater availability of LNG. Electricity wholesale prices also continued their declining trend in many countries and remained below 2008 levels.

“This trend is due, at least in part, to more renewables and an overcapacity in generation. Both for gas and electricity, a better utilisation of the networks, as well as greater competition, have played an important role.”

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