UK Energy Regulator Ofgem Announces 13% Increase in Household Energy Price Cap Amid Supply Constraints from Iran War
The U.K. is set to experience its highest household energy costs in two years due to rising prices linked to the ongoing conflict in Iran, with Ofgem announcing a 13% increase in its energy price cap starting in July. This situation highlights the vulnerability of the U.K. energy market to global supply disruptions.