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Energy Rivalry Hits Bills
UK household energy bills could rise by more than a quarter in January, adding about £460 a year, after US-Israeli strikes on Iran disrupted shipping through the Strait of Hormuz and drove up oil and gas prices. The article examines the UK’s dilemma: expanding domestic oil and gas production may not lower bills because fuels are sold on global markets, while renewables can reduce exposure to price shocks but require costly infrastructure and depend heavily on Chinese technology. As the US promotes fossil fuels and China dominates clean-energy manufacturing, the UK is weighing affordability, energy security and emissions cuts.
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