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There are a whole host of reasons, both regulatory and commercial, for why prices will be slow to fall. The two big ones are hedging (this hampering energy suppliers ability to drop prices), and the OFGEM market stabilisation charge (MSC) which aims to ease out sudden movements in price.
Any good supplier will hedge energy costs, you’ve seen the impact on those that don’t do this well in 2022. It does mean prices are slow to fall but it also allows supplier to offer competitive tariffs when the market isn’t as rosy.
The second (MSC) is a direct result of the first where a number of suppliers who hadn’t hedged well went under and OFGEM stepped in with regulation to make it less attractive to be risky.
C4r1s
No chance, they are quick to put it up but slower than a week in the jail to put it down.