Gas prices at a two-year high, putting pressure on already expensive energy bills British wholesale gas prices have reached a more than two-year high, risking yet more expensive energy bills.
Low rates of gas storage in Britain and across Europe, combined with cold weather, have increased demand for gas to heat homes.
At the start of last month, energy regulator Ofgem brought up the energy price cap, which limits the unit cost of energy, amid forecasts of a further rise in April.
Higher gas prices can bring up household bills as electricity costs are linked to wholesale costs.
Last month, the owner of Britain's largest gas storage site said levels in the country were "concerningly low".
