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In Short: A new British report suggests that abandoning net zero targets could save households over £500 annually, but at the cost of increased reliance on gas and nuclear energy.

Centre for Energy Research and training
Photo: YusufuAM / Wikimedia Commons (CC0)

According to a report by the UK Energy Research Centre, two-thirds of the real increase in household electricity bills between 2021 and 2025 can be attributed to wholesale fuel prices, primarily gas. The report proposes an alternative approach that relies more on gas and nuclear energy, removes the UK carbon price from electricity generation, and reduces expenditure on renewable, grid, and balancing costs.

However, the proposed changes have sparked controversy. A British entrepreneur, who runs his own company, argues that abandoning net zero targets could save households over £500 a year. He suggests that while this approach may reduce energy costs, it would come at the expense of environmental goals.

Meanwhile, in Iran, petrol prices are set to double, with motorists facing a 100,000 rial per litre charge for consumption beyond 110L. This follows a previous increase in December, with concerns about further hikes prompting unrest. The Iranian government, struggling with economic difficulties and sanctions, is adjusting fuel subsidies to manage declining revenues.

Across the Atlantic, Amazon has offered a discount on the Samsung Galaxy Z Fold 8, reducing its price from $1,899.99 to $1,649.99, saving customers $250. This marks the first discount Amazon has offered on the recently released foldable device.

Apple, meanwhile, has announced price hikes for its existing iPhone models, with a 25% increase in some international markets. Starting today, the base price for the iPhone 16 is set at $799, the iPhone 17e at $699, the iPhone 17 at $899, and the iPhone Air at $1,099. The company is also hosting its Surprise and Shine event, where customers can save up to $300 on Disrupt Apple tickets.

Despite these price increases, Apple is introducing its newest and most expensive devices, including the iPhone 18 and its first foldable iPhone, the iPhone Duo. The company's decision to raise prices for existing models has sparked speculation that it is responding to the introduction of its next-generation iPhones.

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