Fall in wholesale gas price should push household bills down as much as 20pc

Energy price swing expected to ease inflation as Europe benefits from ‘good planning and good luck’

Philip Lane, chief economist at the European Central Bank. Photo: Alex Kraus/Bloomberg

Donal O'Donovan

Energy companies should be in a position to slash prices by 10pc to 20pc within weeks after the cost of wholesale gas plunged to its lowest levels in years, a sector expert told the Irish Independent.

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