The UK is seeing a second increase in energy price caps this winter, announced by Ofgem on 1 January. Energy bills skyrocketed in 2022 and have continued to remain high and above pre-Covid levels.
The UK’s dependence on gas remains a key challenge for energy security. British Gas owner Centrica this week warned that the UK gas stores have fallen to “concerningly low” levels in the midst of freezing temperatures. Centrica said it had less than a week of gas demand in store, though Downing Street insists the UK has sufficient supply.
