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The Independent UK

Albert Toth

UK households urged to fix energy bills amid fears of Iran war price hikes

Iran United Kingdom United States

UK households are being advised to secure fixed-rate energy deals as providers rapidly withdraw offers from the market.
Some 57 energy tariffs have been removed or repriced since Monday, driven by rising wholesale gas prices.
Wholesale gas rates have almost doubled due to escalating conflict in the Middle East, including US and Israeli strikes on Iran and Iranian retaliation.
Moneyexpert Martin Lewis has urged households to "urgently" consider a fixed-rate deal to protect against potential future price hikes.
An influential think tank, the Resolution Foundation, has warned that sustained conflict could add £500 to typical annual energy bills.

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Experts tell UK households to fix energy bills now amid Iran war price hike fears

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