UK Energy Bills Set to Surge as Middle East Crisis Ripples Through Gas Markets

Brits are set to face a sharp hike in energy costs this summer, with household bills forecast to rise by more than £200 a year, as the conflict in the Middle East ripples into the UK market. Energy analyst Cornwall Insight predicts that the annual bill for a typical dual-fuel household will increase to £1,850, according to its final forecast for the July to September price cap. This represents a 13 per cent increase from the current cap of £1,641. The rise has been credited to the volatile wholesale market, which has been damaged…