46% fall in wholesale prices last year was reported.
I'll take your word for it however wholesale price is only one of the inputs to the equation used to decide each years default market offer. (DFO) Apparently they use forward pricing expectations over a 3 year period to forecast what the retailer hedging costs are likely to be. With higher interest rates affecting cost of capital for network infrastructure, new infrastructure costs recouped and other factors at best prices will be flat for the next period. Not keeping up with inflation.
