Arabic version: فواتير الطاقة ترتفع بمقدار 221 جنيهًا سنويًا بسبب النزاع في إيران

Household energy prices in the UK are set to increase by 13% starting July, with the typical annual bill rising by £221 to a total of £1,862. This increase is attributed to soaring wholesale costs linked to the US-Israel war with Iran, which has disrupted oil and gas supplies through the critical Strait of Hormuz. According to BBC News, the rise will affect millions of homes on variable tariffs across England, Scotland, and Wales.

The adjustment, which translates to an additional £18 per month for households using both gas and electricity, could escalate further as energy suppliers warn of potential price hikes in the colder winter months. Gas bills are expected to increase by 24%, while electricity bills will rise by 5%. Ofgem, the energy regulator, has also noted that the cap on energy prices will impact approximately 33 million households.

Despite a recent 7% decline in domestic energy bills between April and July, the upcoming cap reflects a 25% rise in global gas prices due to the ongoing conflict. Energy Secretary Ed Miliband expressed concern over the situation, stating that the price cap increase is unwelcome news for households already facing financial pressures.

Craig Lowrey from Cornwall Insight highlighted the burden of rising energy prices on households, particularly as winter approaches and energy usage increases. The government is reportedly developing plans to offer targeted support for those in need as energy costs remain high.

As the country experiences a record-breaking heatwave, Ofgem has encouraged households to take proactive measures to manage their energy costs. Tim Jarvis, Ofgem’s chief executive, advised consumers to explore fixed tariffs or alternative payment methods to mitigate future expenses. Community initiatives are also being promoted to help residents reduce their energy usage and costs effectively.