UK Energy Price Cap Rises 13% as Iran War Drives Up Costs

The 13% increase in the energy cap affects millions and reflects soaring wholesale oil and gas costs caused by the US-Israel war with Iran.

The continuing conflict in Iran is believed to be directly responsible for a 13 per cent jump from July, representing an increase of £18 monthly, or £221 annually.

The cap limits the maximum unit rates suppliers can charge customers on standard variable tariffs, though total bills still depend on energy consumption.

UK household energy bills to rise by 13% from July to two-year high