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Global events like conflicts can significantly impact the price of oil and gas on international markets. The story highlights the Iran war as a reason for rising wholesale energy costs. When these global prices go up, it eventually filters down to what you pay for your energy at home.
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British households owe £6 billion in unpaid energy bills before expected cap riseRelated explainers
Why is my bill going up? What's a 'price cap'? What's EnergyUK? What's Ofgem? Who sets my energy price? How does the Iran war affect bills? How do global events affect my bill? How does the Iran war affect us?The full catalogue
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