UK Energy Bills Rise 4% in October as Iran War Lifts Gas Costs

Ofgem's energy price cap — the regulator's ceiling on standard tariffs — rises 4% on 1 October 2026, taking typical household bills to £1,723. Reuters attributes the increase to wholesale gas prices driven up by the Iran war. Cornwall Insight expects a further 9% rise in January 2027, the second hike after July's 13% jump.