Hopes of sharp fall in household energy bills as HSBC cuts gas price forecast
by Alex Lawson Energy correspondent from World news | The Guardian on (#67SK5)
Bank slashes predicted 2023 European wholesale price by 30% as mild weather reduces demand
HSBC has slashed its forecasts for future wholesale gas prices in response to mild weather in Europe - raising hopes of a sharp decline in household energy bills.
The bank cut its 2023 forecasts for the price of gas traded in Europe by about 30% and its forecast for 2024 by 20%.
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