What happened: The number of fixed-term energy deals offered by UK companies has more than halved due to surging wholesale energy prices linked to the conflict in Iran.
Why it matters:
- Businesses and consumers face higher costs and less price stability.
- Energy suppliers adjust offerings to manage increased market risks.
MNN Take: Rising geopolitical tensions have driven up wholesale energy prices, prompting UK firms to limit fixed-price contracts to avoid financial exposure.
Sources: BBC Business