UK energy bills could soar by £500 over Iran-US war, think tank warns

https://www.independent.co.uk/news/uk/home-news/energy-bills-uk-rise-iran-us-war-resolution-foundation-b2931560.html

Posted by tylerthe-theatre

43 Comments

  1. Time007time007 on

    Great. Why not. Just take everything from us, let us all be destitute and miserable. What a life here.

  2. The-Furry-Circle on

    I mentioned this the other day in another thread, but heating oil (kerosene) has jumped from £600 for 1000litres last week to £1274 as of this post. Obviously, supplies aren’t disrupted this much yet so there’s some opportunistic profiteering going on by the looks of it.

  3. Just as we got told bills were coming down, Trump does Trump things.

    The endless cycle this 21st century of taking one step forwards and two steps back. 

  4. ArcticAmoeba56 on

    Only because energy companies will insist on retaining theie huge profit margins, and pass anyband all increased costs to the end consumer.

  5. klepto_entropoid on

    War is good for business. Unfortunately for the rest of us, Israels wars will never end.

  6. The media are shitting on Starmer this morning for not being “war ready”.

    I’m glad we’re not fuckin war ready. This shouldn’t be happening. This action will do nothing but further destabilize the world politically and financially.

    I want Starmer to tell Trump he’s a knob end and to fully investigate his crimes in the unredacted Epstein files.

  7. I was on a gas tracker with no price cap. I’ve just fixed for 12 months because I don’t want to run the risk of crazy prices.

    Not sure with electric is going to do though. I’m on IOG. 

  8. luckystar2591 on

    I had this argument with another redditor just a few days ago.

    Them: No energy prices are going to be low forever now because it was the green subsidies fault

    Me: No, because the price of energy is slaved to the price of gas, even though most of our supply is renewable they’ll still find an excuse to put it up.

    Them: you don’t know how it works!

    I thought I’d have to wait until September to be proved right..but alas the oil lobby worked quicker on Trump this time.

  9. TheMysteriousGirl on

    “Could” or “Should”.

    Can these “think tanks” start pressuring the government to impose more severe caps on energy profiteering instead of fear monging price increases so these energy companies can get a bigger profit than last year?

    We all know think tanks are often paid for by companies to set the mentality for something. Do something. This is a joke.

  10. Say10sadvocate on

    But I thought he secured (stole) Venezuela’s oil before destabilizing the middle east?

  11. Vivid--Syrup on

    I was under the impression most of our electricity needs were being met by green energy?

    So bills are going up because the corps feel they can get away with it, and labour will probably let them so they are right.

    Wonderful. I can’t wait for the greens to get in and nationalise these arseholes businesses and hopefully jail everyone involved in swindling us all.

  12. MarcusSuperbuz on

    Well given the Yanks and the Israelis started this shit, *they* can pick up the bill.

  13. Trump is wrong on almost everything, but he does have a point on UK’s energy policy.

    It is bonkers we overpay another country for energy that comes from the North Sea reserves because we refuse to extract from the North Sea, all to protect the environment.

    Meanwhile, India, China, US etc al. pollute with no care in the world.

  14. I wish I was privileged enough to not feel the dumb shit privileged people do to non privileged people

  15. BizzarePlatypus on

    This is one of many reasons we need to utilise renewables more. Renewable energy is simply more secure than fossil fuels. 

    Unsure about where our supply of nuclear comes from so can’t comment on that side. 

  16. My tin foil conspiracy mind now thinks these conflicts are all just a way to extract more money out of everyday people. As soon as prices start to drop or stabilise, let’s start something to make them to rise again, and then rinse and repeat.

    I was also informed that the Peace President had already ended this conflict, ended must have been used in a loose way.

  17. Primary-Effect-3691 on

    Remember this when Reform want to stop building wind power and The Greens want to shut down the nuclear power plants 

  18. People that want to walk back from our green commitments don’t see that renewable energy such as solar is designed to mitigate this dependency on oil and the volatility that comes with it.

  19. The headline should read “UK Energy Companies poised for record profits over Iran-US war”

    I hate this place.

  20. CaptainHindsight92 on

    Food prices too. Food like everything else needs transportation so it will rise because of that alone but in addition 33% of the global supply of fertiliser passed through the straight.

  21. No-Dance1377 on

    Warmongering bandwagon jumpers like Badenoch and Lord Haw Haw don’t need to worry about their energy bills though do they ?

  22. TurboBoxMuncher on

    Quick to raise, slow to fall.

    So slow in fact, we only just got news last week that they’re coming down from the Russian invasion four years ago. 

    Again these costs wouldn’t be a problem if salaries had kept with inflation but we’ve been robbed by the parasite class for decades.

  23. Environmental-Bid-62 on

    I’m so sick of war, dread, money worries, child abuse, controversy, environmental degradation. When will these rich abusers leave this planet. No wonder depression is at an all time high and birth rates are low.

  24. Covid – prices up, Ukraine invasion – prices up, Orange twat- prices up. Problem is they’ll probably not come down again after.

  25. Renewables are the only solution we cannot rely on iranian, gulf, US or Russian oil. Can we not simply enforce an export ban on UKs own natural gas just temporarily?

  26. ImTalkingGibberish on

    Fucks sake, I haven’t had a pay rise in 5 years and the job market isn’t great since we left the EU.
    Then we got a 30%+ inflation (being optimistic) on the same 2020 wages.
    I’m fed up with this shit. Providers didn’t invest in the future to pay their shareholders who are absolutely filthy rich already. The whole fucking economy is a scam right now, geared to pay the top .1%.

  27. King_Six_of_Things on

    Which “think tank”? Who are their backers and funders? What expertise are they drawing on to make this claim? What evidence? 

    Me and my mates talk politics sometimes, can we be a “think tank” save get national media coverage?

  28. RegretEasy8846 on

    Lets be honest, someone farts and they increase the cost of living, UK is very much in the ‘opportunity in disaster’ stage since the start of COVID. Only 6 years of this shit so far.

  29. It’s exhausting how every bit of good news on bills gets immediately undone by global instability. The last thing we need is more saber-rattling that just makes life harder for ordinary people. I’d much rather see our leaders focused on de-escalation than trying to look “tough.

  30. AvinItLarge123 on

    Let’s be honest, although I’m sure this war will increase costs, it’s a very convenient excuse to raise prices for an industry that would raise prices hourly if it could

  31. Maybe energy prices could have been lower if we had adequate planning regulations instead of any local busy body objecting to new pylons anywhere near them.

  32. Ill-Appointment6494 on

    Let the people who don’t want a nuclear power plant near them foot the bill.