UK Businesses Face Gas Bills Up to 80% Higher on Iran War

UK businesses face a sharp increase in energy costs as the Iran war drives up wholesale gas and power prices, threatening investments and curbing profits.

Electricity bills have jumped by an average of 10% to 30% since the end of February, depending on the sector and size of company, according to energy consultant Cornwall Insight Ltd. Gas contracts have surged by 25% to 80%, it added.