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Fuel crisis fears return with households facing another price jump

Households face a £480 hit as energy prices rise again, with Chief Dhara Vyas warning a price cap increase is "inevitable" amid volatile global markets.
Geopolitical risks linked to Donald Trump and the Strait of Hormuz have triggered volatility in energy markets, with prices briefly dipping before surging again.
Lowering boiler flow temperatures to around 60°C and hot water to around 50°C can reduce energy use, while reducing the thermostat from the typical 20°C cuts consumption without most households noticing.
Income growth is expected to slow as bills rise, prompting Vyas to call on the Government to expand targeted support for vulnerable households missing out on existing help.
The Energy Saving Trust estimates efficiency tweaks can save around 10% on heating bills, while Utility Bidder recommends checking summer settings to boost efficiency by up to 15% and save as much as £325 annually.

Insights by Ground AI