What the situation in the Middle East means for your energy bills

We know that the ongoing conflict in the Middle East is concerning. Our thoughts are with everyone affected, and we understand why many households will be worried about what this could mean for energy prices in Great Britain (England, Scotland and Wales).

Global energy markets are closely connected, and international events can affect wholesale gas and electricity prices. However, it is important to be clear about what this means for consumers right now. In the short term, households on standard variable tariffs are protected by the energy price cap until the end of June. This means suppliers cannot charge more than the cap allows, even if wholesale prices rise during this period.

The situation is still developing, and it is too early to know how long-lasting any market impacts may be. While the UK’s energy supplies remain secure, sustained disruption to global gas markets could put pressure on prices in future price cap periods. Ofgem continues to closely monitor developments and works with government, industry and system operators to protect consumers.

For now, there are practical steps consumers can take:

• If you are on a standard variable tariff, the price cap means your unit rates and standing charges are protected until the end of June.
• If you are on a fixed deal, your prices will not change for the length of your contract.
• If you are worried about bills, contact your supplier early – they must offer support, including payment plans or help if you are struggling.
• Simple actions such as submitting regular meter readings, checking you are on the best tariff for you, and reducing energy use where possible can also help.

Our priority remains protecting consumers and ensuring the energy system continues to work for households across Great Britain.