How The Iran Situation Is Affecting Energy Prices

Dear Customer,

We wanted to share a quick update on developments in global energy markets following the escalating conflict across the Middle East.

Oil prices have now moved above $100 per barrel, with markets particularly concerned about potential disruption to the Strait of Hormuz — a key global shipping route responsible for transporting around 20% of the world’s oil and large volumes of liquefied natural gas.

For UK energy customers, global fuel costs directly influence wholesale gas and electricity prices. While it’s too early to predict the full impact, geopolitical instability often leads to rapid price movement and increased volatility in energy markets.

We’re already seeing signs of this.

Several suppliers on our platform are now withdrawing and replacing tariffs within the same day. However, some competitive deals are still available, including:

• Business gas from under 4p per kWh

• Business electricity from under 23p per kWh

• A limited number of zero standing charge tariffs

Although instant prices are available, we recommend submitting a bespoke request form to access a wider range of supplier offers and secure the most competitive options.

For home energy customers, there are still some good fixed-price contracts available, but the range is starting to narrow. If you’re currently on a variable tariff, this may be a good time to consider fixing a deal to avoid potential price increases.

If you’d like a quote, help reviewing your contract, or advice on renewal timing, our team is here to help.