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Confirmed
In Short: A new British report suggests that abandoning net zero targets could save households over £500 annually, as two-thirds of the rise in electricity bills is attributed to wholesale fuel prices.
According to a UK Energy Research Centre analysis, two-thirds of the real increase in household electricity bills between 2021 and 2025 is due to wholesale fuel prices, mainly gas. The report offers an alternative approach that relies more heavily on gas and nuclear, removes the UK carbon price from electricity generation, and reduces renewable, grid, and balancing expenditure, potentially saving households over £500 a year.
However, the proposed changes face significant opposition. In 2019, huge antigovernment protests erupted in the UK after anger over fuel price increases. The report's recommendations have sparked debate, with some arguing that abandoning net zero goals could lead to increased reliance on fossil fuels and environmental concerns.
Meanwhile, in Iran, petrol prices have doubled, with motorists facing a 100,000 rial per litre charge for consumption beyond 110L. This follows months of economic difficulties and ongoing tensions with the US, including sanctions and a siege on Iranian ports. The government is struggling to manage declining revenues and sustain a costly subsidy regime.
Apple has also announced price hikes for its existing iPhone models, with a 25% increase. Starting today, customers will notice a price hike for existing models on Apple’s online store, including starting prices for iPhone 16 at $799, iPhone 17e at $699, iPhone 17 at $899, and iPhone Air at $1,099. The price increases are even steeper in some international markets.
What's confirmed
- According to a UK Energy Research Centre analysis, two-thirds of the real increase in household electricity bills between 2021 and 2025 is due to wholesale fuel prices, mainly gas. The report offers an alternative approach that relies more heavily on gas and nuclear, removes the UK carbon price from electricity generation, and reduces renewable, grid, and balancing expenditure, potentially saving households over £500 a year.
- However, the proposed changes face significant opposition. In 2019, huge antigovernment protests erupted in the UK after anger over fuel price increases. The report's recommendations have sparked debate, with some arguing that abandoning net zero goals could lead to increased reliance on fossil fuels and environmental concerns.
- Meanwhile, in Iran, petrol prices have doubled, with motorists facing a 100,000 rial per litre charge for consumption beyond 110L. This follows months of economic difficulties and ongoing tensions with the US, including sanctions and a siege on Iranian ports. The government is struggling to manage declining revenues and sustain a costly subsidy regime.
- Apple has also announced price hikes for its existing iPhone models, with a 25% increase. Starting today, customers will notice a price hike for existing models on Apple’s online store, including starting prices for iPhone 16 at $799, iPhone 17e at $699, iPhone 17 at $899, and iPhone Air at $1,099. The price increases are even steeper in some international markets.
What's still developing
- He currently runs his own company,… A new British report offers households an attractive deal: abandon net zero and save more than £500 a year.
- The price of petrol will remain the same for the first 110L (29 gallons), state media reported.
- It is the second time petrol prices have increased since December, with concerns about further increases prompting unrest.
- Amazon has dropped the Samsung Galaxy Z Fold 8 to $1,649.99, down from its $1,899.99 retail price.
- That saves you $250, a 13% discount off the RRP, and it is the first Amazon discount we’ve seen on this recently released foldable.
- But amid all the attention on Apple’s newest and most expensive devices, there’s another change: Apple is raising the price of its existing iPhone models by $100.
- Speculation had been building that Apple could raise prices as it introduced its next-generation iPhones.
- 25% off tickets now Back by popular demand: Save up to $300 on Disrupt Apple, at its Surprise and Shine event on Wednesday, unveiled its new iPhone 18 and its first foldable iPhone, the iPhone Duo.