Published • loading... • Updated
Energy bills rise 'inescapable' if oil prices stay high, says British Gas boss
UK household energy bills could rise by £332 from July due to sustained high oil and gas prices amid geopolitical tensions, says consultancy Cornwall Insight.
- British Gas boss says that if oil prices stay high, a rise in energy bills is 'inescapable'.
- The boss stated that the closing of the Strait of Hormuz has caused a loss of around 20% of global oil supply and 3-4% of global gas supply.
- The prime minister will hold an emergency meeting with senior ministers and the Bank of England governor to discuss measures to counter the potential impact of the war on the cost of living in the UK.
Insights by Ground AI
7 Articles
7 Articles
Coverage Details
Total News Sources7
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
Factuality
To view factuality data please Upgrade to Premium




