What the Middle East conflict means for your energy bills
Episode description
Last week, the price you pay for your gas and electricity went down. That’s despite the ongoing crisis in the Middle East that caused wholesale prices to skyrocket. But what does the future hold for energy prices in the UK?
In this episode, Which? Principal researcher and energy expert Sarah Ingrams joins us to explain what happened to the price cap that resulted in those on standard variable tariffs to see a reduction in their energy bills.
It wasn’t just those on variable tariffs that saw a fall in the price they pay for gas and electricity this month. Households on fixed tariffs saw their bills fall after government support schemes were adjusted, reducing costs outside of the usual price cap changes.
Plus, Tom Goswell, energy supply lead at Cornwall Insight, the company which predicts price cap changes, gets us up to speed on the Middle East crisis in a week which saw a ceasefire announced.
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