Tough economic conditions and poor summer weather have led to declines in wholesale power prices in the UK. Annual gas and electricity prices are down 15-22% from last year due to concerns over debt in Eurozone countries and slowing growth in the US and China, which have pushed down global energy markets. While consumers are benefitting from lower bills, unusually cold and stormy weather in June increased UK gas demand from households and small businesses. The performance of the UK economy appears closely tied to gas consumption by these consumers. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.