United Kingdom: Gas Dependency Threatens Households Despite 47% Renewables
Despite 47% renewable-sourced electricity in 2025, the UK remains exposed to gas shocks. Middle East tensions are pushing prices higher, threatening British households with bill increases reaching as much as 590 € (500 £) annually.
| Countries | Royaume-Uni, Iran, Qatar, Allemagne, France |
|---|---|
| Companies | Goldman Sachs, National Gas |
| Sector | Gaz, Gaz naturel |
| Theme | Politique & Géopolitique, Sécurité énergétique |
The armed conflict between the United States and Iran is driving up energy prices on global markets. The price of crude oil has surpassed the $100 per barrel threshold, reaching $106 on Monday morning. Approximately 20 million barrels per day are trapped in the Persian Gulf, with ships struggling to safely navigate the Strait of Hormuz. The near-total halt of Iranian exports is depriving the market of roughly 3% of global supply, a contraction deemed more severe than that recorded following Russia's invasion of Ukraine.
Comments
Sign in to leave a comment.