Reuters reported that the ongoing war against Iran and escalating tensions in the Middle East have driven up global gas prices, leading ...

The US and Israel carried out joint strikes on several key Iranian sites on February 28 and Iran retaliated by striking key sites across the region and closing the critical Strait…

Ofgem will on Wednesday reveal the level of the annual energy price cap for July to September as predictions suggests a 13% rise is on the way.

Ofgem will on Wednesday reveal the level of the annual energy price cap for July to September

Latest blow to drivers as petrol jumps

Petrol prices in the UK have hit a new high since the Iran war began, as oil prices jumped back up to $100 per barrel.

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or…

Families being squeezed by rising prices face a fresh blow today as the energy regulator is set to announce a £200 rise in annual bills.

The energy price cap governs the price of energy for the two thirds of Britons who are not on fixed-term contracts.

UK households are to be subjected to a sharp rise in energy bills next month, leaving Brits bracing for a painful winter of sky-high bills

The average household using both electricity and gas will see an increase of about £18 per month.

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or…

British households face a 13% rise in regulated energy bills from July as higher wholesale gas prices feed through to Ofgem’s price cap.

Petrol, food and even your home could all cost significantly more this year

“Ongoing conflict in the Middle East is impacting the price we pay for energy,” the head of the U.K.’s energy regulator said.

UK petrol prices have reached their highest level since December 2022 as renewed US-Iran tensions pushed oil back toward $100 per barrel.

Reuters reported that the ongoing war against Iran and escalating tensions in the Middle East have driven up global gas prices, leading ...

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleUK households face a significant financial…

A typical household would see bills rise by £221 a year, but homes on fixed tariffs are not affected.

FILE PHOTO: Flames come out of a domestic gas ring of an oven in Durham, Britain, Sept 23, 2021. [Photo/Agencies]

Higher energy costs can force consumers to raid their savings and lean more into debt to cover expenses.