200 days of Iran-US war: Gas prices at 4-year high with bills & inflation set to rise

Commenting, Jess Ralston, Head of Energy at the Energy and Climate Intelligence Unit (ECIU), said: "Gas prices have hit a 4 year high, with petrol and diesel costs already climbing and analysts warning that energy bills could rise again in the new year. It's a stark reminder that conflicts thousands of miles away can still hit households here, especially those already struggling with the cost of living.

The Energy Crisis Commission warned [5] that the UK remains 'dangerously underprepared' for future energy shocks. It set out that the clearest way to protect households is to reduce our dependence on volatile oil and gas markets through electrification and renewables.

More drilling in the North Sea won't bring down bills or reverse the basin's long-term decline. If the UK wants to increase energy security, lower exposure to global crises and so energy price volatility, it will need to accelerate the rollout of heat pumps, electric vehicles, and homegrown wind and solar power.”