Single fossil fuel price spike would outstrip net zero cost – climate advisers

Simon Francis, coordinator of the End Fuel Poverty Coalition, said: “Households have already learned the hard way that fossil fuel price shocks come with a very real cost.

“With oil and gas prices already surging again because of the conflict in the Middle East, families are being reminded just how exposed the country remains to volatile global markets.

“If these higher prices persist, we are likely to see a fresh hike in energy bills from July 1 as the impact feeds through to the next price cap.

“It remains to be seen how severe the current price spike will be for households, but it underlines that the only lasting protection is to cut our reliance on fossil fuels through better insulated homes, homegrown renewable energy and fairer energy pricing so bills are no longer dictated by global gas markets.”