#energy-prices

#energy-prices

We want de-escalation because it's the right thing for the Middle East, but we also want de-escalation because of the ramifications of conflict in the Middle East for the rest of the world, including the UK.

"We are much more worried about European gas prices than we are about oil prices."

"Israel's large-scale strikes on Iranian facilities and senior leadership risk triggering a significant Iranian response that could target economic interests across the region..."

"The fall in the price cap is a welcome development and will bring much-needed breathing space for households after a prolonged period of high energy costs..."

In Germany and the UK, the increase of green power in the energy mix has led to higher utility bills instead of the anticipated savings.

Germany reasons an average household pays around €350 more for their electricity each year compared to our European neighbours. This highlights significant cost discrepancies.

According to MoneySavingExpert founder Martin Lewis, the "Trump effect" is helping to drive down wholesale energy prices, which means a small drop in domestic bills is likely this summer.

Experts dismiss claims that net zero policies are to blame for the UK's steel crisis, asserting that energy prices are influenced by broader market fluctuations.