- Average UK energy bills are forecast to surge by 27 per cent to nearly £2,200 a year from January due to escalating conflict between the US and Iran.
- Analysis by EDF indicates Ofgem's price cap will rise from £1,723 to a record high of £2,192, with gas unit rates reaching 11.13p/kWh.
- Wholesale gas prices hit €97 per megawatt-hour as Europe faces falling winter temperatures and fears over dwindling energy supplies.
- The New Economics Foundation has urged Chancellor John Healey to introduce a £6bn national energy guarantee in Wednesday's Budget to protect households.
- Ministers are reportedly considering spending £1bn to boost the Warm Home discount to assist low-income families with rising costs.
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