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2026-05-27 17:14:01
[Middle East Conflict Pushes Up Gas Prices, UK Raises Residential Energy Price Cap] The UK's energy market regulator, the Office of the Gas and Electricity Markets, announced on the 27th that due to the impact of the Middle East conflict pushing up wholesale gas prices, the UK's residential energy price cap will be raised by 13% from July 1st to September 30th this year. The energy price cap applies to users who have not signed fixed-price contracts and use standard floating rates. It limits the maximum unit price and fixed fee that energy suppliers can charge users. This does not mean that all household bills will be the same; actual expenditures still depend on specific usage. (Xinhua)
