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How does Iran affect my bill?

The story mentions the Iran conflict sent wholesale costs soaring, which is why the scheme was brought back in May. Global events like this disrupt oil and gas supplies, increasing wholesale prices. These higher costs are then passed on to energy suppliers, and eventually, to your household bills.

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Energy firms get winter loss protection if customers switch to cheaper deals

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Will my bills go up? What is Ofgem's role? Why protect energy firms? How does the Iran war affect bills? How do global events affect my bill? Why does Iran affect UK prices? How does the Iran war affect us? How do low oil stocks affect my bills?

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