Peter Brownhttps://electrek.co/2026/03/27/iran-war-spikes-energy-prices-uk-homes-ditch-fossil-fuels-fast/ “Octopus has rolled out a fast-track installation program for homes currently using oil boilers. The company says it can now replace them with heat pumps in as little as 10 days from quote to install.”
Fazal Majid@peterbrown Unfortunately electricity is priced at the highest cost provider, which is natural gas, and thus subject to the same price spikes. To add insult to injury, gas is not taxed as heavily as electricity in the UK.
@fazalmajid the price of electricity is currently held under a price cap, and yes if that is lifted prices will rise considerably. However, I think politically they could find it quite difficult, and as you say it is ludicrous to price electricity according to the price of gas.
They even charged a renewables supplement on electricity, but I believe that is finally in the process of being removed.
They even charged a renewables supplement on electricity, but I believe that is finally in the process of being removed.