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Energy shock starts to bite in Europe: UK household bills set for 'deeply unwelcome' 2-year high
UK household energy bills are reaching a two-year high due to the ongoing conflict in the Middle East, according to the head of the UK’s energy regulator. The situation highlights the global impact of regional instability on energy markets.
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Adjacent reporting
- Families face £209 energy bill hike from July with fears 'Trumpflation' misery will last into the winter
- UK household energy bills to rise by 13% from July to two-year high
- Ministers urged to act as households in Great Britain face energy bill ‘anxiety’
- Energy bills will rise by £200 in July to nearly £1,900 a year, forecast says
- 'We're in a terrible situation' warns Bank official as global energy shock sparks fears of stagflation
- Inflation surges to highest level in nearly two years as energy costs spike