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

WorldBusiness & Finance
4 Mar 2026 • 9:27 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

image is not available

  • 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.

IN FULL

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved