New UK Prime Minister Andy Burnham’s plan to cut household electricity bills is likely to be offset by a surge in wholesale energy prices tied to the US-Iran war. The higher input costs suggest near-term downside risk to consumer bill reductions despite domestic policy efforts.
New UK Prime Minister Andy Burnham’s plan to cut household electricity bills is likely to be offset by a surge in wholesale energy prices tied to the US-Iran war. The higher input costs suggest near-term downside risk to consumer bill reductions despite domestic policy efforts.
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