UK Household Energy Bills Rise 13% to £1,862 From July, Ofgem Says
🏠 LONDON — British families are paying the Hormuz premium starting July 1. 📌 LOOK CLOSER: Ofgem's cap reset translates the Gulf supply shock into household bills — no abstraction, just cash. A 13% rise means UK consumers absorb what diplomacy failed to prevent. With ECB hiking regardless and southern European sovereigns squeezed, Britain's cap mechanism spreads the cost to households directly. Every week Hormuz stays closed, the August reset gets worse.
