Finance · 4 March 2026
Think tank warns UK bills could rise £500
A think tank warns that UK home energy bills might increase. This increase could potentially raise the average household's annual energy expenditure by £500, assuming the Middle East conflict persists. Wholesale energy prices have already seen significant increases, with some rising by as much as 50%, due to concerns about oil and gas supplies. This could significantly impact inflation, potentially adding around a percentage point, and causing further financial strain for families.
Reported by Mirror · How we write briefs