That is the lack of regulation’s fault. Companies will increase prices even when costs go down because they can only see money.

Sadly, a ton of countries in the EU have very bad regulations on energy companies.

Hell, here in Belgium you pretty much have to get a 3rd party smart meter because energy companies literally try to scam you.

During the start of the Russian war with the gas crisis there. Our old energy company, Mega (www.mega.be so everyone knows which company it is), tried to charge us >3000€ extra because “increased costs that weren’t factored into our monthly bill”.

They lied and said that we used 99.9% of our total energy from November to December (oh just happens to be the most expensive period) that year. They literally said we used not even enough gas for a single hot shower the entire rest of the year.

When we proved to them with our smart meter records that they were straight up lying to us, they said “ooopsie poopsie, we have no way of knowing how much you use per month, it’s not our fault” and still made us pay 1000€ for the increased costs from October to december even though we just caught them red handed in an illegal scam.