UK consumers are being advised to secure fixed-rate energy tariffs immediately as escalating tensions in the Middle East threaten to drive up household bills.
The warning comes as markets price in the risk of supply chain disruptions, with European fuel prices already under upward pressure following the expiration of previous price caps.
The advice reflects a broader shift in consumer strategy amid volatile energy markets.
By locking in a tariff for a year or more, households can potentially secure a rate lower than the future price cap, which is expected to rise if geopolitical instability persists.
This move is particularly relevant for UK households, who are already facing the largest increase in energy bills since 2023.
The current market environment is characterized by heightened sensitivity to geopolitical developments.